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

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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

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Answer : 2160

Explanatory Answer

Let the cost price of the item be C
We are given that Bina sells this at 19% loss or at (1 - 0.19)C = 0.81C at 4860
This gives us the value of C at Rs. 6000
If Bina had sold this at 17% profit, the selling price would have been
So Shyam bought the product at 4860 and sold it to Hari at 7020
Giving the profit made by Shyam to be 7020-4860=2160
Therefore, 2160 is the correct answer.