Question

Ganesh sold a car to Sarthak at 15% profit, Sarthak sold car to Ankur at 5% loss for Rs.43,700. Find the price at which Ganesh had purchased the car.​

Answer 1

Let no. be x,

The price at which Ganesh had purchased the car. = 100X Rs

Ganesh sold a car to Sarthak at 15% profit, => 15 %

Profit = (15/100)100X = 15X Rs Sarthak Purchase Price = 100X + 15X = 115X.

Sarthak sold car to Ankur at 5% loss

Loss = (5/100)115X = 5.75X Rs Selling Price = 115X -5.75X = 109.25X Rs

Equate Selling price 109.25X = 43, 700 => X = 400 => 100X = 40000

Hence Ganesh had purchased the car. for Rs 40000