Ms . A sells a bicycle to Ms . B at a profit of 20 % and Ms . B sells it to Ms . C at a profit of 25% . Mr. C pays rupees 1500, what did Ms . A pay for it ?
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Given :
Mr.A sells a bicycle to Mr.B at a profit of 20%.
Mr.B sells it to Mr.C at a profit of 25%.
Mr.C pays Rs 1500.
Let the cost price of bicycle for Mr.A be x
Find the Selling price :-
S.P = C.P + Profit % of C.P
= x + 20% of x
= x + 0.2x
= 1.2x
Cost Price of bicycle for Mr.B = 1.2x
Find the Selling price of bicycle for Mr.B :-
S.P = C.P + Profit % of C.P
= 1.2x + 25% of 1.2x
= 1.2x + 0.3x
= 1.5x
Find the cost price of bicycle for Mr.A :-
1.5x = 1500
x = 1500/1.5 = 1000
Hence,
Mr. A pays Rs 1000 for the bicycle.
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