P sold a camera to Q at 32% profit. However, Q sold it to R at a loss of 20%. If R paid ₹6,464 for the camera, what was the price (in ₹, to the nearest rupee) paid by P for it?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is Option 4 i.e. 6,121.
Let P's cost price = ₹x
P sells to Q at 32% profit
Q’s price =
Q sells to R at a 20% loss
R’s price = × =
⇒ = 6464
⇒ x = ₹6121