Home
Class 14
MATHS
Anil Kumar sold an article to Rajat for ...

Anil Kumar sold an article to Rajat for Rs15,000 by losing 25%, Rajat sells it to David at a price that would have given Anil Kumar a profit of 5%. The profit percentage earned by Rajat is:

A

`25%`

B

`40%`

C

`42%`

D

`30%`

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will follow the given information about the transactions between Anil Kumar, Rajat, and David. ### Step 1: Determine Anil Kumar's Cost Price Anil Kumar sold an article to Rajat for Rs. 15,000 at a loss of 25%. Let the cost price (CP) for Anil Kumar be \( P \). Since he sold it at a loss of 25%, we can express this as: \[ \text{Selling Price (SP)} = \text{Cost Price (CP)} - \text{Loss} \] \[ 15,000 = P - 0.25P \] \[ 15,000 = 0.75P \] ### Step 2: Calculate Anil Kumar's Cost Price To find \( P \): \[ P = \frac{15,000}{0.75} = 20,000 \] ### Step 3: Determine the Selling Price for Rajat Rajat sells the article to David at a price that would have given Anil Kumar a profit of 5%. To find this selling price, we calculate the selling price that would give Anil Kumar a 5% profit on his cost price: \[ \text{Profit} = 5\% \text{ of } P = 0.05 \times 20,000 = 1,000 \] \[ \text{Selling Price for Anil} = P + \text{Profit} = 20,000 + 1,000 = 21,000 \] ### Step 4: Calculate Rajat's Profit Now, we know Rajat bought the article for Rs. 15,000 and sold it for Rs. 21,000. To find Rajat's profit: \[ \text{Profit} = \text{Selling Price} - \text{Cost Price} = 21,000 - 15,000 = 6,000 \] ### Step 5: Calculate Rajat's Profit Percentage The profit percentage is calculated as: \[ \text{Profit Percentage} = \left( \frac{\text{Profit}}{\text{Cost Price}} \right) \times 100 \] \[ \text{Profit Percentage} = \left( \frac{6,000}{15,000} \right) \times 100 = 40\% \] ### Final Answer The profit percentage earned by Rajat is **40%**. ---
Promotional Banner

Similar Questions

Explore conceptually related problems

An article whose marked price is Rs 100, was bought at a discount of 10% . At what price should it be sold to have a profit of 25%?

An article, whose marked price is Rs. 100, was bought at a discount of 10%. At what price should it be sold to have a profit of 25%?

A trade suffered a loss of 15% by selling ans article Had the sold it for Rs 100 More , he would have made a profit of 5% .find the article cost price.