Arun bought a laptop from Sanchit for Rs.1,12,500. Sanchit earned a profit of 25% on the laptop. Raman sold the laptop to Sanchit at a gain of 20%. How much did Raman pay to buy the laptop?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is Option 3 i.e. Rs.75,000
Selling price of laptop for Sanchit = Rs. 112500
He gained 25% on the laptop
Cost price for Sanchit = {100/100 + Profit%}S.P. = 100(112500)/125 = Rs. 90000
Selling price of laptop for Raman = Rs. 90000
He gained 20% from the laptop.
Cost price for Raman = {100/ 100 + 20}90000= 100(90000)/120 = Rs. 75000