Question

Bina incurs 19% loss when she sells a product at Rs. 4860 to Shyam, who in turn sells this product to Hari. If Bina would have sold this product to Shyam at the purchase price of Hari, she would have obtained 17% profit. Then, the profit, in rupees, made by Shyam is

Answer 1

Let's denote the purchase price of the product for Hari as P.

When Bina sells the product to Shyam at Rs. 4860, she incurs a 19 percent loss. So: P (1 - 0.19) = 4860 P = 6000

If Bina had sold the product to Shyam at the purchase price of Hari (Rs. 6000), she would have made a 17 percent profit. So, Shyam bought the product at: 6000 (1 + 0.17) = 7020

Shyam sold the product to Hari for Rs. 4860. So, Shyam's loss is: 7020 - 4860 = 2160

Therefore, Shyam's loss is Rs. 2160.