The cost price of a car was ₹1,50,000. It was sold by X at a profit of 5% to Y. It was later sold back to X by Y at a 1% loss. Find X's profit in the entire transaction.
Given:
Cost Price of car for X = ₹1,50,000
X sells to Y at 5% profit
Y sells back to X at 1% loss
Solution:
X sells to Y at 5% profit:
SP = 1500
Y sells it back to X at 1% loss:
SP = 157500
X’s Net Profit = X received ₹1,57,500 and paid ₹1,55,925
Profit = 157500 - 155925 = ₹1,575
Confusion Point :
X has already ₹157500 after selling at 5% profit
Now he use this money while purchasing back;
So, profit = 157500 - 155925 = ₹1,575
English
100 Questions
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