Binod should a watch at Arun at a gain of 12% and Arun sold it to monoj at a loss of 5% .is monoj paid ruppes 3990 for it , who much did Binod pay for the watch
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Appropriate Question:-
Vinod sold a watch to Arun at a gain of 12% and Arun had to sell it to Manoj at a loss of 5% if Manoj paid Rs3990 for it, how much did Vinod pay for the watch?
Required Answer:-
Given:-
- Vinod sold a watch to Arun at a gain of 12%
- Arun had to sell it to Manoj at a loss of 5%
- Manoj paid Rs.3990 for the watch.
To find:-
- Vinod's cost price of the watch.
Solution:-
According to the question:-
- CP of watch by Manoj = SP of watch by Arun= Rs.3990
Calculating Arun's CP :-
We know that:-
- CP(loss) = {100/(100 – Loss%)} x SP
Here, we have:-
- Loss = 5%
- SP = Rs.3990
Substituting the values:-
CP(Arun) = {100/(100 – 5)} x 3990
=> CP = Rs.{(100/95) x 3990}
=> CP = Rs.4200
- Hence, cost price of the watch by Arun was Rs.4200
Again,
Calculating Vinod's CP :-
- CP of watch by Arun = SP of watch by Vinod
∴ SP of the watch by Vinod = Rs.4200
We know that:-
- CP(gain) = {100/(100 + Profit%)} x SP
Here, we have:-
- Gain = 12%
- SP = Rs.4200
Substituting the values:-
CP(Vinod) = {100/(100 + 12)} x 4200
=> CP = Rs.{(100/112) x 4200}
=> CP = Rs.3750
- Therefore, cost price of the watch by Vinod was Rs.3750
Vinod paid Rs.3750 for the watch.
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