Monica sold a saree to Kanika at a profit of 4%. Kanika sold the same saree to
Pallavi at 5% gain. If Pallavi paid 5460 for the saree then find the price at which
Monica purchased the saree.
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GIVEN :-
- Monica sold a saree to Kanika at a profit of 4%.
- Kanika sold the same saree to Pallavi at 5%.
- Pallavi paid 5460 for the saree.
TO FIND :-
- Cost at which Monica bought the saree.
SOLUTION :-
Let Monica bought the saree at 'x' cost.
She sold that saree to Kanika at 4% profit.
Buying price (Kanika) = x + 4% of x
Buying price (Kanika) = x + (4x/100)
♦ Buying price(Kanika) =104x/100
________________
Again Kanika sold saree to Pallavi at 5% profit.
♦ Buying price (Pallavi) =
ㅤㅤ[104x/100] + 5% of (104x/100)
But we know that she paid 5460.
Hence , Monica purchased the saree at 5000.
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