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Ayushman sold his bike to Satish at 22% profit. Satish sold it to the Deepak and then, Deepak sold it to Ranveer at the same margin. Ranveer marked up the cost by 20% and then offered a 15% discount to Chetan. If Chetan had bought it from Ayushman directly (Ayushman still keeping his 22% profit margin), then what approximate percentage reduction in price would he have got?
  • a)
    51%
  • b)
    32%
  • c)
    34%
  • d)
    44%
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Ayushman sold his bike to Satish at 22% profit. Satish sold it to the...
CP for Chetan = 217.90 - 15% of 217.90 = 185.2
Thus, for Chetan, CP would be Rs. 185.2, if he bought from Ranveer.
Instead, if Chetan went to Ayushman, he would get it for Rs. 122.
Thus, his price reduction would have been =
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Community Answer
Ayushman sold his bike to Satish at 22% profit. Satish sold it to the...
To solve this problem, let's break it down step by step:

1. Ayushman sells the bike to Satish at a 22% profit.
- Let's assume the cost price for Ayushman is ₹100.
- Ayushman sells the bike to Satish at a 22% profit, so the selling price for Satish would be ₹122.

2. Satish sells the bike to Deepak at the same 22% profit.
- The selling price for Satish is ₹122.
- Satish sells the bike to Deepak at a 22% profit, so the selling price for Deepak would be ₹148.84 (₹122 + 22% of ₹122).

3. Deepak sells the bike to Ranveer at the same 22% profit.
- The selling price for Deepak is ₹148.84.
- Deepak sells the bike to Ranveer at a 22% profit, so the selling price for Ranveer would be ₹181.44 (₹148.84 + 22% of ₹148.84).

4. Ranveer marks up the cost by 20% and offers a 15% discount to Chetan.
- The selling price for Ranveer is ₹181.44.
- Ranveer marks up the cost by 20%, so the new selling price before the discount would be ₹217.73 (₹181.44 + 20% of ₹181.44).
- Ranveer offers a 15% discount to Chetan, so the final selling price to Chetan would be ₹184.07 (₹217.73 - 15% of ₹217.73).

5. If Chetan had bought the bike directly from Ayushman with a 22% profit margin:
- The selling price for Ayushman would be ₹122.
- Chetan gets a discount of ₹122 - ₹184.07 = ₹62.07.
- The percentage reduction in price would be (₹62.07/₹122) * 100 = 50.98 ≈ 51%.

Therefore, the approximate percentage reduction in price that Chetan would have got if he had bought the bike directly from Ayushman is approximately 51%.
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Ayushman sold his bike to Satish at 22% profit. Satish sold it to the Deepak and then, Deepak sold it to Ranveer at the same margin. Ranveer marked up the cost by 20% and then offered a 15% discount to Chetan. If Chetan had bought it from Ayushman directly (Ayushman still keeping his 22% profit margin), then what approximate percentage reduction in price would he have got?a)51%b)32%c)34%d)44%Correct answer is option 'C'. Can you explain this answer? for CAT 2025 is part of CAT preparation. The Question and answers have been prepared according to the CAT exam syllabus. Information about Ayushman sold his bike to Satish at 22% profit. Satish sold it to the Deepak and then, Deepak sold it to Ranveer at the same margin. Ranveer marked up the cost by 20% and then offered a 15% discount to Chetan. If Chetan had bought it from Ayushman directly (Ayushman still keeping his 22% profit margin), then what approximate percentage reduction in price would he have got?a)51%b)32%c)34%d)44%Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for CAT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Ayushman sold his bike to Satish at 22% profit. Satish sold it to the Deepak and then, Deepak sold it to Ranveer at the same margin. Ranveer marked up the cost by 20% and then offered a 15% discount to Chetan. If Chetan had bought it from Ayushman directly (Ayushman still keeping his 22% profit margin), then what approximate percentage reduction in price would he have got?a)51%b)32%c)34%d)44%Correct answer is option 'C'. Can you explain this answer?.
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