A sold an item to B at a gain of 25% and B sold it to C at a loss of 10%. If C paid ₹6,520 for it, then the cost price of the item for A was:

Question

Question

This question was previously asked in

SSC CHSL Exam 2023 Tier-I Official Paper (Held On: 11 Aug, 2023 Shift 3)

Answer 1

Given:

A sold an item to B at a gain of 25%

B sold it to C at a loss of 10%

Total money paid by C = Rs. 6520

Formula used

S.P = C.P(1 +/- r/100)

where, r = gain/loss%

Calculation:

Let, the A paid for the item = x

So, x × (125/100) × (90/100) = 6520

⇒ x = 6520 × (100/125) × (100/90)

⇒ x = 5795\(\frac{5}{9}\)

∴ A paid Rs. 5795\(\frac{5}{9}\) (in Rs.) for the item.