Question

Mr. A buys an article and sells it to Mr. B at a profit of 10%. Mr. B sells it to Mr. C at a gain of 20%. If C paid Rs. 924 for it; what did Mr. A pay for it?

Answer 1

Mr. A paid Rs. 700 for the article.

Step-by-step explanation:

To calculate the cost of the article for Mr. A, let's work backwards from the price paid by Mr. C. Since Mr. B sold the article to Mr. C at a gain of 20%, we can write the equation: 1.20x = 924,

where x is the price paid by Mr. B. Solving for x,

we find that Mr. B paid Rs. 770 for the article. Since Mr. A sold the article to Mr. B at a profit of 10%, we can write the equation: 1.10x = 770, where x is the price paid by Mr. A. Solving for x, we find that Mr. A paid Rs. 700 for the article.

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