Multiple choice

Rashid sells an article, which costs him Rs. 600, to Mohan at a profit of 20%. Mohan then sells it to Rakesh, making a profit of 10% on the price he had paid to Rashid. What is the cost price of the article for Mohan and Rakesh?

  1. Mohan Rs. 590, Rakesh Rs. 630

  2. Mohan Rs. 600, Rakesh Rs. 650

  3. Mohan Rs. 720, Rakesh Rs. 792

  4. Mohan Rs. 620, Rakesh Rs. 692

  5. Mohan Rs. 650, Rakesh Rs. 642
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Mohan's cost price is Rashid's selling price: 600 * 1.20 = 720. Rakesh's cost price is Mohan's selling price: 720 * 1.10 = 792.

AI explanation

Using the formula for selling price, Mohan's cost price is calculated as 600 multiplied by 1.20, which equals Rs. 720. Rakesh's cost price is then found by calculating a 10% profit on Mohan's price, giving 720 multiplied by 1.10 to equal Rs. 792. The cost price for Mohan is Rs. 720 and for Rakesh is Rs. 792.

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