Question
A sold a toy to B at a profit of 15%. Later on, B sold
it back to A at a profit of 20%, thereby gaining Rs. 552. How much did A pay for the toy originally?Solution
Let the CP of A =100 SP of A at the profit of 15%=115. The SP of A is the CP of B. CP of B =115 SP of B at the profit of 20% =115×120 /100 =138 Profit of B =138-115=23. ATQ- 23 =552 1 =24. 100 =2400. CP of A =2400.
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