Join Examsbook
1405 0

Q: In an exhibition, Almond bought a painting for Rs. 20000. He later sold it to Olive for Rs. 23000. Olive sold it to Sarah for double the profit percentage that Almond earned. At what price should Sarah sell this painting to earn 8% profit ?

  • 1
    Rs. 34,410
  • 2
    Rs. 31,184
  • 3
    Rs. 29,999
  • 4
    Rs. 32,292
  • Show AnswerHide Answer
  • Workspace

Answer : 4. "Rs. 32,292"
Explanation :

Answer: D) Rs. 32,292 Explanation: Almond Selling price = CP(1 + P%/100) => CP = 20000, SP = 23000 => 23000 = 20000 (1 + P/100) => P% = 100(23000/20000 - 1) = 15 Then, Olive's P% = 30% SP for Olive = CP for Sarah = 23000(1 + 30/100) = 29900 Now Sarah wants to earn profit of 8% => Sp for Sarah = 29900(1 + 8/100) = Rs. 32,292.

Are you sure

  Report Error

Please Enter Message
Error Reported Successfully