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QA sells an article which costs him 400 to B at a profit of 20%. B then sells it to C, making a profit of 10% on the price he paid to A. How much does C pay B?
ID: #4395
Profit and Loss
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#4395Q ID
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Profit and LossTopic
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Correct Answer: Option C
Explanation
To find out how much B paid A for the article, we can use the formula for profit: Selling price = Cost + Profit In this case, the selling price is 400 and the profit is 20%, so: S.P FOR B = 400 + (20/100) * 400 This simplifies to: S.P FOR B= 400 + 80 So B paid 400 +80 = 480 for the article. To find out how much C pays B, we can use the same formula: Selling price = Cost + Profit In this case, the selling price is the amount that C pays, the cost is the 480 that B paid to A, and the profit is 10%. So: Selling price = 480 + (10/100) * 480 This simplifies to: Selling price = 480 + 48 So C pays 480 + 48= 528 to B.
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