A sells a watch to B at a profit of 33% and B sells it to C at a loss of 20%. If C pays ₹532, then what was the cost price for A?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. ₹500.
Given that
A sells a watch to B at a profit of 33% and B sells it to C at a loss of 20%
The C bought a watch for = ₹532
According to the question
The watch bought by B in = 532 × 100/80 = ₹665
The cost price of watch for A = 665 × 100/133 = ₹500