Question

Bina incurs 19% loss when she sells a product at Rs. 4860 to Shyam, who in turn sells this product to Hari. If Bina would have sold this product to Shyam at the purchase price of Hari, she would have obtained 17% profit. Then, the profit, in rupees, made by Shyam is

Accepted Answer

2160. Let Bina's cost price be $C$. Bina sells at Rs. 4860 with 19% loss: $$0.81 C = 4860 \implies C = \frac{4860}{0.81} = 6000$$ If Bina sells at Hari's purchase price $P_H$, she makes 17% profit: $$P_H = 1.17 	imes 6000 = 7020$$ Shyam bought the product at Rs. 4860 and sold it to Hari at Rs. 7020. Shyam's profit = $7020 - 4860 = 2160$.

Profit and Loss Successive Transactions

Explanation

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