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Question 2
Shaan has a total of ₹5,500 with him. He buys product ‘Z’ at ₹5,000 from this sum and then sells it to another person, thus making a profit of 15% onit. With all the money he has now, he buys product ‘X’ andthen sells it to another person making a profit of 25% onit. What is the total money Shaan has now?
Solution
Cost price of product 'Z' = 5000
Profit = 15%
Selling price = 5000 $$\times \frac{115}{100}$$ = 5750
Cost price of product 'X' = 5750 + 500 = 6250
Profit = 25%
Selling price = 6250 $$\times \frac{125}{100}$$ = 7812.5
Shaan has rs. 7812.5.
$$\therefore$$ The correct answer is option A.
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