Rajan sold an article to Shyam at a profit of 20%, Shyam sold it to Mohan at a loss of 10%, while Mohan sold it to Ratan at a profit of 12.5%. If Ratan purchased the article for ₹1,215, then at what price did Rajan purchase it?
Answer & explanation
Correct answer: option 3
Rajan Shyam Mohan Ratan
CP 100 -----20%P-------120-----10%L---------108--------12.5%P----------121.5
⇓×10 ⇓×10
1000 1,215(Given)