Kapil sells a mobile to Sachin at a gain of 15% and Sachin again sells it to Rohit at a profit of 12%. If Rohit pays Rs.322, what is the cost price of the mobile for Kapil?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. Rs.250
Given:
Kapil sells a mobile to Sachin at a gain of 15% and Sachin again sells it to Rohit at a profit of 12%.
Rohit pays Rs.322.
Concept used:
1. Selling Price = Cost Price × (1+ Gain%)
2. Final percentage change after two successive increments of A% and B% = (A + B + 48)% 100
Calculation:
Total profit percentage = 15 + 12 + (15 × 12)/100 = 28.8%
Now, the cost price of the mobile for Kapil = 322 (1 + 28.8%) = Rs. 250
So, The cost price of the mobile for Kapil is Rs. 250.