Question

8. Mr. A sells a bicylce to Mr. B at a profit of 20% and Mr. B sells it to Mr. C at a profit
25%. If Mr. C pays
1,500, what did Mr. A pay for it?​

Answer 1

Let x be the amount paid by A for bicycle

Amount Paid by C is

$x + \frac{20}{100} x + ( \frac{25}{100} \frac{20}{100} x) = 1500$

$x + \frac{1}{5} x + \frac{1}{20} x = 1500$

$\frac{25}{20} x = 1500$

$\frac{5}{4} x = 1500$

$5x = 6000$

$x = 1200$

Therefore, Amount paid by A = 1200