in an exhibition almond bought a painting for rs 20000 he later sold i | Examsbook

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Q: In an exhibition, Almond bought a painting for Rs. 20000. He later sold it to Olive for Rs. 23000. Olive sold it to Sarah for double the profit percentage that Almond earned. At what price should Sarah sell this painting to earn 8% profit ?

1
Rs. 34,410
2
Rs. 31,184
3
Rs. 29,999
4
Rs. 32,292

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Answer : 4. "Rs. 32,292"
Explanation :
Answer: D) Rs. 32,292 Explanation: Almond Selling price = CP(1 + P%/100) => CP = 20000, SP = 23000 => 23000 = 20000 (1 + P/100) => P% = 100(23000/20000 - 1) = 15 Then, Olive's P% = 30% SP for Olive = CP for Sarah = 23000(1 + 30/100) = 29900 Now Sarah wants to earn profit of 8% => Sp for Sarah = 29900(1 + 8/100) = Rs. 32,292.

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