A sold an article to B at 40% profit and B sold it to C at 15% profit. If C paid ₹4,914 for the article, how much (in ₹, rounded off to the nearest integer) did A pay for it?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 3052.
Let A's cost price be x.
A sells to B at 40% profit → B's cost price = x × 1.40
B sells to C at 15% profit → C's price = x × 1.40 × 1.15
Given: x × 1.40 × 1.15 = 4914
x × 1.61 = 4914
x = 4914 ÷ 1.61 = 3052.17 = ₹3052 (rounded off to nearest integer)