Question

pravesh sells an article to praneet at a profit of 15% and praneet sells it to priyan at a profit 10%.if priyan pays RS 5060 for a article,what amount did pravesh spent to buy the article.

Answer 1

priyan pays RS 5060 for the article

SP for Praneet = ₹5060
profit = 10%.
CP for Praneet = 5060×100/110 = ₹ 4600

Now SP of pravesh = ₹4600
profit = 15%
CP for Pravesh = 4600 × 100/115 = ₹4000

Hence Pravesh had bought it for ₹4000