Ravi sells a chair to Mohan at a profit 10% and Mohan sells it to Govind at profit 20%. If Govind pays ₹1,320 for it. Then the cost price for Ravi is:
Answer & explanation
Correct answer: option 2
Let the cost price = 100
Ravi Mohan Govind
CP 100----10%P----110------20%P----1320
The cost price for the Govind = 1320
132 = 1320 ( Given )
then 100 = 1000 ( Cost price for Ravi )
The marked price of the book = 900
Discount of 10% for two times is given.
Selling price = 900 × \(\frac{90}{100}\) × \(\frac{90}{100}\) = 729