Question : A sells an article to B making a profit of
Option 1: Rs. 600
Option 2: Rs. 500
Option 3: Rs. 720
Option 4: Rs. 800
Correct Answer: Rs. 500
Solution :
Let the cost price of the article for A, B, and C as
Given that A sells an article to B making a profit of
⇒
B sells it to C, gaining 20%.
⇒
C sells it for Rs. 600 and incurs a loss of
⇒
Solving for
Hence, the correct answer is Rs. 500.
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