Manu purchased a microwave for ₹ 12,000 and sold it to Anuj at a loss of 12.5%. Anuj sold it to Rani at a profit of 20% and Rani sold it to Priya at a profit of \( 6\frac{2}{3}\% \). Find the price at which Priya purchased it.
- AOption (a)
₹12,600
- BOption (b)
₹13,340
- COption (c)
₹13,440
- DOption (d)
₹13,100
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Correct answer
₹13,440
Why this answer is correct
Shortcut Trick
Net multiplier method: Final Price = Initial CP × (100−L1)% × (100+P2)% × (100+P3)%.
Convert percentages to fractions: 12.5% = 1/8 (loss ⇒ 7/8), 20% = 1/5 (profit ⇒ 6/5), 6(2/3)% = 1/15 (profit ⇒ 16/15).
Price for Priya = 12,000 × (7/8) × (6/5) × (16/15).
Price for Priya = 12,000 × (672/600) = 12,000 × 1.12 = 13,440.
∴ The correct answer is ₹13,440.
Alternate Method
Given → CP for Manu = ₹12,000; Loss1 = 12.5%; Profit2 = 20%; Profit3 = 6(2/3)%.
Formulas: SP = CP × (100 ± P/L)% | Profit% = (Profit/CP) × 100.
⇒ Price for Anuj = 12,000 − (12.5% of 12,000) = 12,000 − 1,500 = ₹10,500.
⇒ Price for Rani = 10,500 + (20% of 10,500) = 10,500 + 2,100 = ₹12,600.
⇒ Price for Priya = 12,600 + (6 2/3% of 12,600).
⇒ 6 2/3% = 20/3% = 20/(3 × 100) = 1/15.
⇒ Price for Priya = 12,600 + (12,600 ÷ 15) = 12,600 + 840 = ₹13,440.
∴ The correct answer is ₹13,440.
Additional Information
Successive Percentage Change
When a value changes multiple times, the final value is found by multiplying the initial value by (100 ± r1)% × (100 ± r2)%...
Fractional Conversion
Using fractions like 1/8 for 12.5% or 1/15 for 6.67% simplifies calculations significantly in multi-step profit and loss problems.