Question
Aanchal sold a watch to Aman at a 20% profit.
Subsequently, Aman sold the watch to Amit at a 15% profit. The difference between the selling price at which Aman sold the watch and Aanchal's cost price of the watch is Rs. 114. Based on this, determine the profit earned by Aman.Solution
Let the cost price of the watch for Aanchal be Rs. '100x'. So, cost price of the watch for Aman = 100x X 1.2 = Rs. '120x' And selling price of the watch for Aman = 120x X 1.15 = Rs. '138x' ATQ; 138x - 100x = 114 Or, 38x = 114 So, x = 3 So, profit earned by Aman = 138x - 120 = 18 X 3 = Rs. 54
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