Question

: Mr. Lin buys an article and sells it to Mr. Chen at a gain of 25 % on cost. Mr. Chen sells the article to Mr. Ang at a gain of 20 % on cost. How much money did Mr. Lin pay for the

Answer 1

Ang Pays Rs 360
SP = Rs 360
CP =x
Profit = 25%
25% of x
x + x/4 = 360
5x / 4 = 360
x = Rs 288
Mr Chen bought the article for Rs288 from Mr Lin
CP =x
SP = $288
profit = 25%
25% of x = x/4
x+ x/4 = 288
5x / 4 = 288
x = Rs 230.4