Question

A sells an electric press to B at a profit of 5% and B sells to C ata loss of 5% if C pays rupees 23.94 for it what does cost A

Answer 1

Let the cost price of Bell be ' x '

A sells an electric press to B at a profit of 5%

Selling price = cost price + profit

Profit = cost price×profit percentage

so x + 5%×x =x + x×5/100 = x + 0.05x = 1.05x

B sells to C ata loss of 5% if C pays rupees 23.94

Selling price = cost price - loss

Loss= cost price× loss percentage

1.05x - 5% × 1.05x = 23.94

1.05x - 1.05x × 5/100 = 23.94

1.05x - 0.0525x = 23.94

0.9975x = 23.94

x = 23.94/0.9975

x= 24 = cost price

Answer 2

Answer:

Rs. 24 will be the cost price