A sold an article at a profit of 60% to B, B sold this article to C at a loss of 20%. If C bought it from B at a price of Rs. 2,048, then if A would sell the article for a price of Rs. 2,944 then what would be the percentage of loss or profit earned by A?
A sold an article at a profit of 60% to B, B sold this article to C at a loss of 20%. If C bought it from B at a price of Rs. 2,048, then if A would sell the article for a price of Rs. 2,944 then what would be the percentage of loss or profit earned by A? Correct Answer Profit of 84%
Let the cost price at which A bought be x.
A sold it to B with a profit of 60%
∴ SP1 = 160x/100
B sold it to C at a loss of 20%
∴ SP2 = 80SP1/100 = 2048
2048 = (160x/100) × (80/100)
∴ x = Rs. 1,600
Now, if SP1 was Rs. 2,944 there would be a profit
Profit% = × 100 = 84%
Profit% = 84%
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Feb 20, 2025