anu sold a saree to Manu to gain of 15%. Manu sold it to Banu at a loss of 5 % if banu paid 1311.How much did anu pay for it
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anu sold to manu for 15%
let cost price be x
we know that cost + profit = selling price
where profit = costprice * profit percentage
so profit = x*15% = 0.15x
and selling price = x + 0.15x = 1.15x
so anu sold to manu for 1.15x
then manu sold to banu for loss of 5%
= 1.15x - 1.15x(5)% = 1.15x - 0.0575x = 1.14.9425x
and given sales price = 1311
1.0925 = 1311
x= 1311/1.0925 =1200 is the cost price for while anu bought that saree
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