a sold a bicycle to b at a profit of 12 1/2% b sild it ti cat a profit of15% for Rs 20 find cost price of a
Answer (1)
27th May, 2020
Let the cost price of the cycle be x
Please note here that if my profit on x is p%, then the total amount can be written as : px/100 + x= x(p+100)/100, this is what we will use ahead
then A sold it to be for : x+ (12.5/100)x = (112.5/100)x
and B sold it to C for : (115/100)*(112.5/100)x and this is given to be 20
So equating, we get:
x= (20*100*100)/(115*112.5) = Rs. 15
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