John sells his laptop to Mark at a loss of 20% who subsequently sells it to Kevin at a profit of 25%. Kevin after finding some defect in the laptop, returns it to Mark but could recover only Rs.4.50 for every Rs. 5 he had paid. Find the amount of Kevins loss if John had paid Rs. 1,75,000 for the laptop ?

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Solution

Lets assume John bought the laptop for Rs. $100$
He then sells it to Mark at a loss of $20 % \Rightarrow$ Rs. $80$ ,
Who consequently sells it to Kevin at a profit of $25 % \Rightarrow$ Rs. $100$
Then, Kevin sells it back to Mark for Rs. $90$ (Rs. $4.50$ for every Rs. $5$ that he had paid initially), so he suffers a loss of Rs. $10$
Therefore, for Rs. $100$ there is a loss of Rs. $10$ ,
Then for Rs. $1, 75, 000$ there will be a loss of Rs. $17, 500$ .

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