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Jaya bought a scooter for Rs. 32,750 and sold it to Rekha at 12% profit. Rekha sold it to Hema at 10% profit. At what price did Hema purchase the scooter?

Jaya bought a scooter for Rs. 32,750 and sold it to Rekha at 12% profit. Rekha sold it to Hema at 10% profit. At what price did Hema purchase the scooter? Correct Answer Rs. 40,348

Given:

Cost price of scooter for Jaya = Rs. 32,750

Profit% of Jaya = 12% 

Profit% of Rekha = 10% 

Concept used:

S.P = C.P × (100 + P%)/100

Where,

S.P → Selling price 

C.P → Cost price 

P% → Profit% 

Calculations:

Selling price of scooter for Jaya = 32,750 × 112/100 = Rs. 36,680

Cost price of scooter for Rekha = Selling price of scooter for Jaya 

Cost price of scooter for Rekha = Rs. 36,680

Selling price of scooter for Rekha = 36,680 × 110/100 = Rs. 40,348

Cost price of scooter for Hema = Selling price of scooter for Rekha

Cost price of scooter for Hema = Rs. 40,348

∴ Hema purchased the scooter in Rs. 40,348

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