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Question

P sells a Laptop to Q at a loss of 25% and Q sells the laptop to R at a profit of 20%. If R purchased the laptop for 22,500, then what was the cost (in ₹) of the laptop for P?

This question was previously asked in
SSC Selection Post 2024 Question Paper (26-Jun-2024) (Shift-4)
The correct answer is
25000

Understanding the Problem

This problem involves a chain of transactions where a laptop's price changes due to profit and loss percentages. We are given the final price paid by the last person (R) and need to work backward to find the initial cost price for the first seller (P).

Key Information Provided

  • P sold the laptop to Q at a loss of 25%.
  • Q sold the laptop to R at a profit of 20%.
  • R purchased the laptop for ₹22,500.
  • We need to find the original cost price for P.

Step-by-Step Calculation

Calculating Q's Selling Price (which is R's Cost Price)

We know that Q sold the laptop to R at a profit of 20%. This means R's cost price is 120% of Q's cost price.

Let $C_Q$ be the cost price for Q.

R's Cost Price ($C_R$) = $C_Q \times (1 + \text{Profit Percentage})$

$C_R = C_Q \times (1 + 20/100)$

$C_R = C_Q \times (1 + 0.20)$

$C_R = C_Q \times 1.20$

We are given that $C_R = 22,500$. So,

$22,500 = C_Q \times 1.20$

Now, we can find $C_Q$:

$C_Q = 22,500 / 1.20$

$C_Q = 22500 / (12/10)$

$C_Q = 22500 \times (10/12)$

$C_Q = 22500 \times (5/6)$

$C_Q = (22500 / 6) \times 5$

$C_Q = 3750 \times 5$

$C_Q = 18,750$

So, Q's cost price was ₹18,750.

Calculating P's Cost Price

P sold the laptop to Q at a loss of 25%. This means Q's cost price ($C_Q$) is 75% of P's original cost price ($C_P$).

$C_Q = C_P \times (1 - \text{Loss Percentage})$

$C_Q = C_P \times (1 - 25/100)$

$C_Q = C_P \times (1 - 0.25)$

$C_Q = C_P \times 0.75$

We found that $C_Q = 18,750$. Substituting this value:

$18,750 = C_P \times 0.75$

Now, we can find $C_P$:

$C_P = 18,750 / 0.75$

$C_P = 18750 / (75/100)$

$C_P = 18750 \times (100/75)$

$C_P = 18750 \times (4/3)$

$C_P = (18750 / 3) \times 4$

$C_P = 6250 \times 4$

$C_P = 25,000$

Conclusion

The original cost price of the laptop for P was ₹25,000.

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Similar Questions

  1. The selling price of y items is equal to the cost price of 540 items. If the profit made is 44%, then find the value of y.
  2. Two articles were sold for Rs.3,000 each, with no loss and profit in the entire transaction. If one was sold at a profit of 25%, then the loss incurred on the second article is _______.

  3. The profit earned after selling an article for ₹6,250 is the same as the loss incurred after selling the article for ₹3,750. Find the cost price of the article.
  4. Shyam bought a chair for ₹1,563 and spent ₹350 on its repairing. He sold it for ₹2,398. Find his profit percentage (correct to two places of decimals).

  5. A chair is bought for ₹600 and sold for ₹750. Find the profit percentage.
  6. The difference between the cost price and the selling price of a table lamp is ₹540. If the profit is 30%, then the selling price (in) is:
  7. On selling 2800 school bags, Anita earns a profit equal to the sale price of 420 school bags. What is the gain percentage that Anita earned?
    Note: round off to two decimal places
  8. If the market price of a bedsheet is 24% above the cost price and a discount of 15% is declared on it, then find the gain percentage.
  9. Ram buys 13 balls for Rs.390 and sells them at the rate of Rs.33 per ball. Find his gain percentage.
  10. If the selling price of 10 chairs is the same as the cost price of 8 chairs, find the loss percentage.

Important Questions from Profit and Loss

  1. Rohit buys 8 pens and 4 pencils for Rs. 2400. He sells pencils at a profit of 20 percent and pens at the loss of 10 percent. If his overall profit is Rs. 240, then what is the sum of the cost price of one pen and one pencil?

  2. A man sells a car to his friend at the loss of 10 %; who in return sells it for Rs. 54000 making a profit of 20 %. What was the initial value of the car?

  3. An article was sold at a loss of 24%. If it were sold for Rs. 1,596 more, then there would have been a gain of 18%, The cost price of the article is:

  4. The cost price of an article is Rs.6,450. If it sold at a profit 16%, how much would be its selling price?

  5. If the selling price of 7 articles is equal to the cost price of 6 articles, then what is the percentage loss?

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