A shopkeeper sells two tables, each procured at cost price , to Amal and Asim at a profit of and at a loss of , respectively. Amal sells his table to Bimal at a profit of , while Asim sells his table to Barun at a loss of . If the amounts paid by Bimal and Barun are and , respectively, then equals
A shopkeeper sells two tables, each procured at cost price , to Amal and Asim at a profit of and at a loss of , respectively. Amal sells his table to Bimal at a profit of , while Asim sells his table to Barun at a loss of . If the amounts paid by Bimal and Barun are and , respectively, then equals
Solution
When we say someone sells at a 20% profit, the selling price becomes 120% of the cost price (original price + 20% extra). Similarly, a 20% loss means the selling price becomes 80% of the cost price (original price - 20% reduction).
Profit of 20% → Selling price = Cost price × 1.2
Loss of 20% → Selling price = Cost price × 0.8
Cost price for shopkeeper:
Selling price to Amal:
This means Amal pays for his table.
Cost price for shopkeeper:
Selling price to Asim:
This means Asim pays for his table.
Cost price for Amal: (what he paid)
Selling price to Bimal:
This means Bimal pays
Note: 30% profit means selling at 130% of cost price.
Cost price for Asim: (what he paid)
Selling price to Barun:
This means Barun pays
Note: 30% loss means selling at 70% of cost price.
Now we can find :
Answer:
In chain transactions, we can multiply all the percentage factors directly:
For Bimal:
For Barun:
This saves time and reduces calculation errors!