A sells his house to B at a profit of 10% who in turn sells it to C at a profit of 15% who in turn Sells it to D at a profit of 25% and D sells it to E at 35% profit. If cost price of E’s house is Rs 35,00,000, what is the approximate cost price of A’s house?
Correct Show Answer
Explanation:
Choose the correct answer.
A) Rs 15,40,000  B) Rs 15,10,000  C) Rs 15,00,000  D) Rs 16,40,000  E) Rs 17,40,000
Let the cost price of A’s house = Rs X   Therefore, Cost price of E’s house   = 1.1 x 1.15 x 1.25 x 1.35 x X   Therefore, 3500000 = 1.1 x 1.15 x 1.25 x 1.35 x X   X = 3500000 / 1.1 x 1.15 x 1.25 x 1.35   = Rs 16,39,584.25   The nearest option is Rs 16,40,000.   ANSWER:Rs 16,40,000
<result>D</result>
A sells his house to B at a profit of 10% who in turn sells it to C at a profit of 15% who in turn Sells it to D at a profit of 25% and D sells it to E at 35% profit. If cost price of E’s house is Rs 35,00,000, what is the approximate cost price of A’s house?
Correct Show Answer
Explanation: