Question

IF A SELLS A PRODUCT TO B WITH20% PROFIT AND B SELLS THE SAME PRODUCT TO C WITH15% PROFIT AND C PAID 1656 DOLLARS FOR THAT THEN WHAT IS THE COST FOR A

Answer 1

Step-by-step explanation:

if B got 15% profit then selling price of B is 75% of Marked price.

75% of MP = $1656

75/100 of MP = $1656

MP = 1656 × 100

—————

75

MP = $2208

Now if A makes 20% profit,

80% of MP = SP of A

80/100 of MP = 2208

MP = 2208 × 100

———————

80

MP = $2760

therefore, $2760 is the cost of A