A sells a bicycle to B and makes a profit of 25%.
A sells a bicycle to B and makes a profit of 25%. B sells the same bicycle to C at a profit of 50%. If the final S.P. of the bicycle was Rs. 225, find out the cost price of the bicycle for A.
Answer/Solution
120
Steps/Work
Explanation:
Let CP be 100
A sells at 25% profit so SP=125
B sells at 50% profit = 125 x (1+50/100) = 187.5
CP ---SP
100---187.5
x --- 225
CP = 225 x 100/187.5 = 120
ANSWER: E
Let CP be 100
A sells at 25% profit so SP=125
B sells at 50% profit = 125 x (1+50/100) = 187.5
CP ---SP
100---187.5
x --- 225
CP = 225 x 100/187.5 = 120
ANSWER: E