Profit & Loss · Question 12 · Hard
A sells a cycle to B at a profit of 20%. B sells it to C at a loss of 10%. If C pays ₹2,700, how much did A pay for it?
- ₹2,500
- ₹2,400
- ₹2,600
- ₹2,250
Answer and explanation
Answer: A. ₹2,500
Explanation: C pays CP × 1.2 × 0.9 = 1.08 × CP. So CP = 2,700 ÷ 1.08 = ₹2,500.
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