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Anoop sells a book to Mayank at a profit of 20%, and Mayank sells the book to Siddharth at a profit of 25%. Siddharth then sells the book at a loss of 10% to Shishir. At what percentage loss should Shishir sell the book so that his selling price becomes equal to Anoop's cost price?
- 36.68%
- 25.92%
- 48.66%
- 16.46%
Correct answer: 25.92%
Solution
Let Anoop's cost price be 100. Then Mayank buys at 120, Siddharth at 150, and Shishir at 135. To bring the selling price back to 100, Shishir must sell at a loss of (135-100)/135 × 100 = 25.92%.
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