Question

Goods purchased from Abhijeet were sold to Mihir at profit 11000-@12%GET

Answer 1

Answer:

Explanation:

Let the price at which Rahul purchased the book be x.

He sold it to Mihir at 35% profit. That means he sold it for 100% + 35% or 135% of the price he bought it for.

So, he sold the book for 135% of x or 1.35x.

Mihir sold the book at a 16% loss. That means it was sold at 100% - 16% or 84% of the price he bought it from Rahul, and this amount is 339.

=> 84% of 1.35x = 339

=> 0.84(1.35x) = 339

=> 1.134x = 339

=> x = 330/1.134

= 298.94

Rahul bought the book for Rs 298.94.

CHECK:

Rahul bought the book for 298.94. He sold it at 35% profit.

He sold it for 298.94 + 35% of 298.94 = 403.57

Mihir sold it at 16% loss.

He sold it for 403.57 - 16% of 403.57 = 339