A sold a mobile phone to B at a gain of 25% and B sold it to C at a loss of 10%. If C paid ₹5,625 for it, how much did A pay (in ₹) for the phone?
Correct Answer :
5,000
Solution :
The correct answer is 5,000.
Let us break down the transaction step-by-step to find the price paid by A.
Let the cost price of the mobile phone for A be x rupees.
Step 1: Transaction from A to B
A sells the mobile phone to B at a gain of 25%.
Therefore, the cost price for B (which is the selling price for A) is:
Cost Price for B = x + 25% of x
Step 2: Transaction from B to C
B sells the mobile phone to C at a loss of 10%.
Therefore, the price C pays is 10% less than B's cost price:
Price paid by C = Cost Price for B - 10% of Cost Price for B
Step 3: Solve for x
We are given that C paid ₹5,625 for the mobile phone.
So, we can set up the equation:
Let's simplify the multiplication:
Now, divide both sides by 1.125 to solve for x:
Thus, A paid ₹5,000 for the phone.
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