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A sold a table to B at a profit of 20%. B sold the same table to C for Rs 75 thereby making a profit of 25%. Find the price at which A bought the table from X.
- a)Rs 30
- b)Rs 40
- c)Rs 50
- d)Rs 60
- e)Rs.75
Correct answer is option 'C'. Can you explain this answer?
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A sold a table to B at a profit of 20%. B sold the same table to C for...
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A sold a table to B at a profit of 20%. B sold the same table to C for...
To solve this problem, we need to work backwards and use the concept of successive profit percentages. Let's break down the given information and solve it step by step.
Step 1: B's profit
B sold the table to C for Rs 75, making a profit of 25%.
Let's assume B bought the table from A for x rupees.
Therefore, B's selling price is x + 25% of x = x + 0.25x = 1.25x.
Step 2: A's profit
A sold the table to B at a profit of 20%.
So, A's selling price is 1.2 times the cost price (x) to B.
Therefore, the selling price to B is 1.2x.
Step 3: Equating the selling prices
We know that B's selling price (1.25x) is equal to A's selling price (1.2x).
Therefore, we can write the equation as:
1.25x = 1.2x
Step 4: Solving the equation
To solve the equation, we subtract 1.2x from both sides:
1.25x - 1.2x = 0.05x
Simplifying the equation:
0.05x = 0
Step 5: Finding the value of x
Since 0.05x = 0, it implies that x = 0 / 0.05 = 0
Step 6: Calculating A's buying price
Now that we know x = 0, we can calculate A's buying price.
A's buying price = x = Rs 0
However, it is not possible to buy a table for Rs 0. So, there must be a mistake in the question or the given information.
Therefore, the given question is incorrect, and we cannot determine the price at which A bought the table from X.
Step 1: B's profit
B sold the table to C for Rs 75, making a profit of 25%.
Let's assume B bought the table from A for x rupees.
Therefore, B's selling price is x + 25% of x = x + 0.25x = 1.25x.
Step 2: A's profit
A sold the table to B at a profit of 20%.
So, A's selling price is 1.2 times the cost price (x) to B.
Therefore, the selling price to B is 1.2x.
Step 3: Equating the selling prices
We know that B's selling price (1.25x) is equal to A's selling price (1.2x).
Therefore, we can write the equation as:
1.25x = 1.2x
Step 4: Solving the equation
To solve the equation, we subtract 1.2x from both sides:
1.25x - 1.2x = 0.05x
Simplifying the equation:
0.05x = 0
Step 5: Finding the value of x
Since 0.05x = 0, it implies that x = 0 / 0.05 = 0
Step 6: Calculating A's buying price
Now that we know x = 0, we can calculate A's buying price.
A's buying price = x = Rs 0
However, it is not possible to buy a table for Rs 0. So, there must be a mistake in the question or the given information.
Therefore, the given question is incorrect, and we cannot determine the price at which A bought the table from X.
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A sold a table to B at a profit of 20%. B sold the same table to C for Rs 75 thereby making a profit of 25%. Find the price at which A bought the table from X.a)Rs 30b)Rs 40c)Rs 50d)Rs 60e)Rs.75Correct answer is option 'C'. Can you explain this answer?
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A sold a table to B at a profit of 20%. B sold the same table to C for Rs 75 thereby making a profit of 25%. Find the price at which A bought the table from X.a)Rs 30b)Rs 40c)Rs 50d)Rs 60e)Rs.75Correct answer is option 'C'. Can you explain this answer? for Banking Exams 2024 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about A sold a table to B at a profit of 20%. B sold the same table to C for Rs 75 thereby making a profit of 25%. Find the price at which A bought the table from X.a)Rs 30b)Rs 40c)Rs 50d)Rs 60e)Rs.75Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Banking Exams 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A sold a table to B at a profit of 20%. B sold the same table to C for Rs 75 thereby making a profit of 25%. Find the price at which A bought the table from X.a)Rs 30b)Rs 40c)Rs 50d)Rs 60e)Rs.75Correct answer is option 'C'. Can you explain this answer?.
A sold a table to B at a profit of 20%. B sold the same table to C for Rs 75 thereby making a profit of 25%. Find the price at which A bought the table from X.a)Rs 30b)Rs 40c)Rs 50d)Rs 60e)Rs.75Correct answer is option 'C'. Can you explain this answer? for Banking Exams 2024 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about A sold a table to B at a profit of 20%. B sold the same table to C for Rs 75 thereby making a profit of 25%. Find the price at which A bought the table from X.a)Rs 30b)Rs 40c)Rs 50d)Rs 60e)Rs.75Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Banking Exams 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A sold a table to B at a profit of 20%. B sold the same table to C for Rs 75 thereby making a profit of 25%. Find the price at which A bought the table from X.a)Rs 30b)Rs 40c)Rs 50d)Rs 60e)Rs.75Correct answer is option 'C'. Can you explain this answer?.
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A sold a table to B at a profit of 20%. B sold the same table to C for Rs 75 thereby making a profit of 25%. Find the price at which A bought the table from X.a)Rs 30b)Rs 40c)Rs 50d)Rs 60e)Rs.75Correct answer is option 'C'. Can you explain this answer?, a detailed solution for A sold a table to B at a profit of 20%. B sold the same table to C for Rs 75 thereby making a profit of 25%. Find the price at which A bought the table from X.a)Rs 30b)Rs 40c)Rs 50d)Rs 60e)Rs.75Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of A sold a table to B at a profit of 20%. B sold the same table to C for Rs 75 thereby making a profit of 25%. Find the price at which A bought the table from X.a)Rs 30b)Rs 40c)Rs 50d)Rs 60e)Rs.75Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an
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