Profit and Loss Practice Test 3

Question : 6 of 40

Marks: +1, -0

A sells an article to B at a gain of 10%, B sells it to C at a gain of 5%. If C pays Rs 462 for it, what did it cost to A?

Solution:

\table A, B, C;\CP\of \article , x+{10x}/100, 11/10x+{ 11x×5}/{ 10×100}=462;x,11/10x,231/200x=462

According to the statement,

231/200x=462

x={462×200}/231=400

Cost price of the article = Rs 400

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