Ramesh sells a table to Mukesh at a profit of 44%, and Mukesh sells it to…
2026
Ramesh sells a table to Mukesh at a profit of 44%, and Mukesh sells it to Jaybind at a profit of 25%. If Jaybind pays ₹1,503 for it, what was Ramesh’s cost price (in ₹)?
Answer: D. 835 — ConceptA profit of p% changes a cost price C into a selling price C × (1 + p/100). For successive sales, multiply the successive profit factors. To recover…
- A.
836
- B.
832
- C.
837
- D.
835
Attempted by 24 students.
Show answer & explanation
Correct answer: D
Concept
A profit of p% changes a cost price C into a selling price C × (1 + p/100).
For successive sales, multiply the successive profit factors. To recover the original cost price from the final selling price, divide by their product.
Application
Let Ramesh’s cost price be ₹x.
After a 44% profit, Mukesh’s purchase price is x × 1.44.
After Mukesh’s 25% profit, Jaybind’s purchase price is x × 1.44 × 1.25.
Therefore, x × 1.44 × 1.25 = 1,503. Since 1.44 × 1.25 = 1.80, we get 1.80x = 1,503.
Thus, x = 1,503 ÷ 1.80 = 835.
Cross-check
Starting from ₹835, a 44% profit gives ₹1,202.40, and a further 25% profit gives ₹1,503. This reproduces the stated final price.
Therefore, Ramesh’s cost price was ₹835.