Piyush sold a guitar to Anuj at 16% gain and Anuj sold it to Mayank at 32% gain. If Mayank paid Rs.3,828 for the guitar, what amount did Piyush pay for the same?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is Option 1 i.e. 2,500.
Let's assume the cost price of the guitar = x
x × (116/100) × (132/100) = 3828
x = 2500