A sells an article to B at 20% profit. B sells it to C at a 15% loss. C sells it to D at 25% profit. If the difference between the profit of A and C is ₹132 and B bought the article for ₹x, then what is the value of x?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 2,880.
B's CP (x) = A's SP = 1.2 × A's CP
A's CP = x/1.2 = 5x/6
A's profit = x - 5x/6 = x/6
C's CP = 0.85x
D's cost price = 1.25 × 0.85x = 1.0625x
C's profit = 1.0625x - 0.85x = 0.2125x
0.2125x - x/6 = 132
⇒ 1.1x/24 = 132
⇒ x = 2880