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?

• A. Rs.2400
• B. Rs.2560
• C. Rs.2760
• D. Rs.2800

Answer 1

Answer:

A. Rs.2400

Let us take A $CP=100x$

A Sold it to B at 15% profit

$CP of B = 115x$

$$B sold it back to A at the profit of 20$$Gaining of B=SP(B)-CP(B)

$=138x-115x$

$=23x$

$$Given profit of B is 552$

$23x=552$

$x=24$

$Cp of A=100x=2400$