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Rahul purchased a watch for Rs.3000, and sold it to Mangesh for Rs.2000. Mangesh sold it to Manish at a profit of Rs.500. Manish again sold it to Rahul at a profit of 20%. How much additional amount (in Rs.) Rahul had to pay for the same watch in the end when compared to the amount at which he had initially purchased it?1. 4002. 7003. 1004. 200 |
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Answer» Correct Answer - Option 5 : 0 Initial price of the watch paid by Rahul = Rs.3000 Price paid by Mangesh for the watch = Rs.2000 Profit earned by Mangesh while selling to Manish = Rs.500 So, price paid by Manish for the watch = 2000 + 500 = Rs.2500 Profit earned by Manish while selling it back to Rahul = 20% So, price to be paid by Rahul now to Manish = [(100 + 20)/100] × 2500 = Rs.3000 ∴ The additional amount Rahul had to now pay for the same watch is Rs.0 |
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