jayesh sold his CDs to music shop at the profit of 25%. The shopkeeper sold it to customer at the profit of 20%. If customer paid Rs. 75 per CD. find the cost price of CD.
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Answer:
Rs. 60
Step-by-step explanation:
let Cost Price of CD for Jayesh be x
then,
S.P. for Jayesh = x+ x/4= 5x/4 = C.P. for Shopkeeper
S.P. for Shopkeeper = (5x/4) + (5x/4)/5
125x²-7500x+16 = 0
Solving for x by quadratic equation formula for positive value
x = 59.9978665908 = 60 (approx.)
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