A sold a camera to B at a profit of 20%. If the cost price of the camera for B was Rs. 30,000, what was the cost price of the camera for A?

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  1. 25000
  2. 32000
  3. 35000
  4. 44000
  5. 42000

Answer (Detailed Solution Below)

Option 1 : 25000
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Detailed Solution

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Given:

Cost price of B = ₹30,000

Profit of B = 20%

Profit of A = 25%

Formula used:

Cost Price of A = Cost Price of B / (1 + Profit% of B)

Calculations:

Cost Price of A = 30,000 / (1 + 20/100)

⇒ Cost Price of A = 30,000 / 1.20

⇒ Cost Price of A = ₹25,000

∴ The cost price of A is ₹25,000.

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