Ashok brought a gift article and spent Rs. 110 on its repair. He then sold it to Bhushan at a profit of 20%. Bhushan sold it to Charan at a loss of 10%, and Charan sold the same for Rs. 1188 at a profit of 10%. How much did Ashok pay for the article?

Ashok brought a gift article and spent Rs. 110 on its repair. He then sold it to Bhushan at a profit of 20%. Bhushan sold it to Charan at a loss of 10%, and Charan sold the same for Rs. 1188 at a profit of 10%. How much did Ashok pay for the article? Correct Answer Rs. 890

Given:

Charan sold the article for Rs. 1188.

Formula used:

Profit% = profit/cost price × 100

Calculation:

Let Ashok bought an article in Rs. X

⇒ (X + 110) × (120/100) × (90/100) × (110/100) = 1188

⇒ (X + 110) × 1.188 = 1188

⇒ (X + 110) = 1000

⇒ X = 1000 – 110

⇒ X = 890

∴ Ashok pay for the article is Rs. 890.
Bissoy MCQ

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