Question

Reema sold a gold earring to Meena at a gain of 25% and Meena sold it to Diya at a loss of 15%. If Diya bought the earring for ₹8500. At what price did Reema purchased it? 
1. ₹8000
2. ₹7000
3. ₹8500
4. ₹9000
5. None of the above.

Answer 1

Correct Answer - Option 1 : ₹8000

Given:

(i) Reema’s Gain = 25%

(ii) Meena’s Loss = 15%

(iii) SP of Meena = Rs.8500

Calculations:

Let Reema purchased the earring for Rs. X

Required Equation:

⇒ X × 125/100 × 85/100 = 8500

⇒ X = 8500 × 100 × 100/125 × 85

⇒ X = 8000.

Reema purchased the earring for Rs.8000.