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A mobile shopkeeper sells a mobile to Faizan at 15% profit and Faizan sells it to Alan at 10% profit. If Alan bought the mobile for Rs. 25300, how much did the shopkeeper pay for it?

A mobile shopkeeper sells a mobile to Faizan at 15% profit and Faizan sells it to Alan at 10% profit. If Alan bought the mobile for Rs. 25300, how much did the shopkeeper pay for it? Correct Answer Rs. 20000

Cost price of Alan = 25300

Effective percentage = = 26.5%

Selling price of Shopkeeper = Cost price of Alan

Selling price of Shopkeeper = 25300

Let the Cost price of Shopkeeper be ‘x’

Thus, 126.5% of Cost Price = 25300

Cost price of Shopkeeper, x = = 20000

∴ The shopkeeper bought the mobile for Rs. 20000

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