A sells a tv to B at 10% profit. B sells it to C at 30% profit. If C pays Rs. 2860 for it, then the price at which A sells it is?
Answer & explanation
Correct answer: option 2
30% = \(\frac{3}{10}\), 30% profit = \(\frac{13}{10}\)
ATQ,
Cost price of C = Cost price of B × \(\frac{13}{10}\)
2860 = C.P. of B × \(\frac{13}{10}\)
C.P. of B = 2860 × \(\frac{10}{13}\) = 2200 = S.P. of A