A sold an item to B at 20% profit,B to C at 20% profit and C to D at 20% loss.If D paid to rs.720 for the item,how much did A but it for?
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A bought it for Rs 625
Let the CP of the item for A be Rs x.
Given, he sold it at 20% profit.
So, SP for A = (100+Profit)% of CP
= 120% of Rs x
= Rs 1.2x
So, CP of the item for B = Rs 1.2x
Given, he sold it at 20% profit.
So, SP of the item for B = 120% of Rs 1.2x
= Rs1.44x
So, the CP of the item for C = Rs 1.44x
Given, he sold it at 20% loss.
So, SP of the item for C = 80% of Rs 1.44x
= Rs 1.152
This is the CP for D which is Rs 720.
So, 1.152x = 720
⇒ x = 720/1.152
= Rs 625
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