Question

Deepak purchased a radio set for rs 600 and sold it to kamal at a profit of 16 % . Kamal further sold it to vishnu at a loss of 5% . For how much did vishnu buy it ?

Answer 1

Vishnu bought it at rs 661.2

Step-by-step explanation:

Given,

Cost price for Deepak = 600,

Profit% he gained = 16%,

So, selling price for him = cost price + profit

= 600 + 16% of 600

= 600 + 0.16(600)

= 600 + 96

= rs 696

∵ He bought it to Kamal,

i.e. Cost price for Kamal = 696,

Loss% = 5%

Thus, selling price for him = cost price - loss

= 696 - 5% of 696

= 696 - 0.05(696)

= 696 - 34.8

= rs 661.2

Now, Kamal bought it to Vishnu,

Hence, cost price for Vishnu = rs 661.2

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