X sells an article to Y at 12%loss. Y sells it to Z at 9% profit. If Z pays ₹21,582 for it, then at what price (in ₹) was the article purchased by X?
Answer & explanation
Correct answer: option 3
Let the cost price = 100
X Y Z
100----12%L---------88----9%P------95.92
⇓×225 ⇓×225
22500 21,582 (Given)