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A sells a cycle to B at a profit of 20% ...

A sells a cycle to B at a profit of 20% and B sells it to C at a loss of 25%. If C bought the cycle for Rs P, then the cost price of it for A was

A

a)`9/10P`

B

b)`10/9P`

C

c)`1/20P`

D

d)`9/20P`

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will first establish the relationships between the cost prices and selling prices of the cycle as it changes hands from A to B and then from B to C. ### Step-by-Step Solution 1. **Assume the Cost Price for A**: Let's assume the cost price of the cycle for A is Rs 100. **Hint**: Start with a simple assumption to make calculations easier. 2. **Calculate Selling Price for A to B**: A sells the cycle to B at a profit of 20%. - Profit = 20% of 100 = \( \frac{20}{100} \times 100 = 20 \) - Selling Price for A to B = Cost Price + Profit = \( 100 + 20 = 120 \) **Hint**: Remember that selling price can be calculated by adding profit to the cost price. 3. **Calculate Cost Price for B**: The cost price for B is Rs 120 (the price at which A sold the cycle to B). **Hint**: The selling price for A becomes the cost price for B. 4. **Calculate Selling Price for B to C**: B sells the cycle to C at a loss of 25%. - Loss = 25% of 120 = \( \frac{25}{100} \times 120 = 30 \) - Selling Price for B to C = Cost Price - Loss = \( 120 - 30 = 90 \) **Hint**: Selling price at a loss is calculated by subtracting the loss from the cost price. 5. **Relate Selling Price for C to Cost Price for A**: We know that C bought the cycle for Rs P, which is Rs 90. - We need to find the cost price of the cycle for A when C's cost price is Rs P (90). - We set up the proportion: \[ \text{If Cost Price for A} = 100 \text{ then Selling Price for C} = 90 \] \[ \text{If Cost Price for A} = x \text{ then Selling Price for C} = P \] - This gives us the equation: \[ \frac{x}{100} = \frac{P}{90} \] - Cross-multiplying gives: \[ x = \frac{P \times 100}{90} = \frac{10P}{9} \] **Hint**: Use proportions to relate the cost prices and selling prices. 6. **Final Answer**: Thus, the cost price of the cycle for A is \( \frac{10P}{9} \). ### Summary The cost price of the cycle for A, when C bought it for Rs P, is \( \frac{10P}{9} \).
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