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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 84 items is equal to the cost price of 105 items. What is the percentage of profit gained in the transaction?

  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. A man sells a cow for Rs.22,000 and gains 10%. At what price should he sell the same cow, in order to gain 14%?

Important Questions from Profit and Loss

  1. Ram bought a chair at 35% discount on its market price, Had Ram got no discount, he would have had to pay ₹245 more. How much did Ram pay for the chair? 

  2. A shopkeeper bought an item for Rs. 4,500 and sold it at a loss of 5%. From this money, he bought another item and sold it at a profit of 10%. What is his overall profit?

  3. A man sells two articles at Rs. 9,180 each. He gains 8% on one article and loses 15% on the other. His overall profit or loss is:

  4. A shopkeeper selling an article for ₹46 loses 8%. In order to gain 6%, what should be the selling price of the article?

  5. Rahul purchased 80 items from the market. 25% items of the total items were defective and the remaining items were sold at 50% profit. What will be the overall profit percentage?

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