10. A sold a calculator to B at 20% profit. B sold it to C at 5% profit. If C paid 3441 for it, what was the cost price of the calculator.
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Answer:
2730.95
Step-by-step explanation:
SHORT APPROACH
20% = 20/100 = 1/5
5% = 5/100 = 1/20
A. B. C
5. 6
20. 21
Now fill the vacant position with preceding or succeeding numbers as shown and multiply.
A. B. C
5. 6. 6
20 20. 21
-----------------------
100. 120. 126
126 => 3441
100 => 3441*100/126 ≈ 2730.95
LONG APPROACH
If,
Sp of B = 3441
Cp of B = x
Sp of A = x
Cp of A = y
Then, for B
(3441 - x)/x = 5/100 = 1/20
(3441 - x) × 20 = x
68820 - 20x = x
x = 68820/21
Now, for A
(x-y)/y = 20/100 = 1/5
5x - 5y = y
y = 5x/6 = 5×68820/(21×6) = 2730.95
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