Multiple choice

Mr. Tripathi ji sold a mobile to Mr. Verma ji at a loss of 20%. After this, Mr. verma ji spent Rs. 2000 on its service and sold it at Rs. 22000 and gain of 10% then what was the cost price of the mobile for Mr. Tripathi ji ?

  1. 22500

  2. 15000

  3. 18500

  4. 25000
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A Correct answer
Explanation

Verma sold at 22000 with 10% gain, so CP for Verma = 22000 / 1.1 = 20000. Verma spent 2000 on service, so his purchase price was 20000 - 2000 = 18000. Tripathi sold to Verma at a 20% loss, so 18000 = 0.8 * (Tripathi's CP). Tripathi's CP = 18000 / 0.8 = 22500.

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