Question
Download Solution PDFA sold an article to B at 25% profit and B further sold it to C by earning a certain profit. If the cost price of C is 30% more than the cost price of A, then find the profit percentage earned by B.
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
A sold an article to B at a profit of 25%.
B sold it to C at a profit.
The cost price of C is 30% more than the cost price of A
Concept used:
Profit = S.P. – C.P. (S.P. = Selling price, C.P.= Cost price)
S.P. = C.P. + (C.P. × profit%)
Calculation:
Let A buy the article for Rs.100x
A sold it to B at [100x + (100x × 25%)] = Rs.125x
B bought the article for Rs. 125x
C bought the article for = 100x + 100 × 30/100 = 130x
C's CP = B's SP
Profit earned by B = (130x – 125x) = Rs. 5x
Profit% = 5/125 × 100
= 4%
∴ The answer is 4%.
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