Raman sold a car to rajath at a loss of 14.28%,rajath sold it to vinit at a profit of 66.66%,if rajath purchased the car at Rs 1400,then at what price raman bought that car?
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Answer:
Raman bought the car for Rs.1633
Step-by-step explanation:
CP of car bought by Rajath = SP of car sold by Raman = Rs. 1400
Loss incured by Raman = 14.28%
CP of car bought by Raman = ?
Loss % = [(CP-SP)/CP]*100
14.28 = [(x - 1400)/x]*100
0.1428 x = x -1400
1400 = 0.8572 x
x = 1400/0.8572 = 1633.22 ≈ 1633
∴ Raman bought the car for Rs.1633
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