Question

A sells a bicycle to B at a profit of 20 percent and B sells it to C at a profit of 5 percent. If C pays Rs.1500, what did A pay for its

Answer 1

CP of A = a

SP  of A = CP of B = a x 120/100 = 1.2a

SP of B = CP of C

ie.   1.2a x 105/100 = 1500

1.26a = 1500

a = 1190.4762

A paid = Rs.1190.48