Rajiv sells a book to Mohan at a profit of 9% and Mohan sells it to Gopal at a profit of 13%. If Gopal pays Rs 12,317 for it. Find the cost price for Rajiv. |
Rs 15,000 Rs 11,000 Rs 16,000 Rs 10,000 |
Rs 10,000 |
Let the cost price of book be 100 units. Rajiv sells it to Mohan at 9% profit, Thus selling price = 109 units Mohan again sells it to Gopal at 13% profit, Selling price for this transaction = $\frac{113}{100}$ x 109 = $\frac{113 \times 109}{100}$ units = 12317/100 units According to the question, this is equal to Rs 12,317 Using unitary method, 1 unit = Rs 100 Thus, 100 units = Rs 10,000 Cost price for Rajiv = Rs 10,000 |