Select the correct answerA sells a bicycle to B and makes a profit of 20%. B sells the same bicycle to C at a profit of 25%. If the final S.P. of the bicycle was Rs.225, find out the cost price of the bicycle for A.Options200150100700
Question
Select the correct answerA sells a bicycle to B and makes a profit of 20%. B sells the same bicycle to C at a profit of 25%. If the final S.P. of the bicycle was Rs.225, find out the cost price of the bicycle for A.Options200150100700
Solution
To solve this problem, we need to work backwards from the final selling price.
Step 1: Find the cost price for B Since B sold the bicycle to C at a profit of 25%, this means that the selling price of Rs.225 is 125% of the cost price for B. We can find the cost price for B by dividing the selling price by 125 and then multiplying by 100. So, the cost price for B = (225 / 125) * 100 = Rs.180
Step 2: Find the cost price for A Similarly, since A sold the bicycle to B at a profit of 20%, this means that the cost price of Rs.180 for B is 120% of the cost price for A. We can find the cost price for A by dividing the cost price for B by 120 and then multiplying by 100. So, the cost price for A = (180 / 120) * 100 = Rs.150
Therefore, the cost price of the bicycle for A is Rs.150.
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