Question

A brought a tape recorder for 8000 and sold it to B. B in turn sold it to C each earning a profit of 20%. Find the cost price of C ​

Answer 1

Answer:

Given, the cost Price of tape recorder for A=Rs.8000

The cost price of tape recorder for B=20% profit on cost price for A

=

100

20

×8000+8000=20×80+8000

=1600+8000=Rs.9600

Cost price of tape recorder for C=20% profit on cost price for B

=

100

20

×9600+9600=20×96+9600

=1920+9600=Rs.11520

Here, profit for A=Rs.1600

and profit for B=Rs.1920

Therefore, A earns less profit than B.

Answer 2

Answer:

Given, the cost Price of tape recorder for A=Rs.8000

The cost price of tape recorder for B=20% profit on cost price for A

=

100

20

×8000+8000=20×80+8000

=1600+8000=Rs.9600

Cost price of tape recorder for C=20% profit on cost price for B

=

100

20

×9600+9600=20×96+9600

=1920+9600=Rs.11520

Here, profit for A=Rs.1600

and profit for B=Rs.1920

Therefore, A earns less profit than B.