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A' sells an article to 'B' at 12% profit...

A' sells an article to 'B' at 12% profit. 'B' sells it to 'C' at 90% loss. If 'C' pays Rs 15,288 for it, then at what price (in Rs) is the article sold by A?

A

15000

B

16800

C

16000

D

14250

Text Solution

AI Generated Solution

The correct Answer is:
To find the price at which A sold the article, we can follow these steps: ### Step 1: Understanding the Transactions - A sells an article to B at a 12% profit. - B sells the article to C at a 90% loss. - C pays Rs 15,288 for the article. ### Step 2: Setting Up the Equations Let the cost price of the article for A be \( CP_A \). - The selling price of A to B (SP_AB) can be calculated as: \[ SP_{AB} = CP_A + 12\% \text{ of } CP_A = CP_A \times (1 + 0.12) = CP_A \times 1.12 \] ### Step 3: Calculate B's Selling Price to C B sells the article to C at a 90% loss. This means B sells it for 10% of the price he bought it for. - The selling price of B to C (SP_BC) can be calculated as: \[ SP_{BC} = SP_{AB} - 90\% \text{ of } SP_{AB} = SP_{AB} \times (1 - 0.90) = SP_{AB} \times 0.10 \] ### Step 4: Substitute SP_AB in SP_BC Substituting \( SP_{AB} \) into the equation for \( SP_{BC} \): \[ SP_{BC} = (CP_A \times 1.12) \times 0.10 = CP_A \times 0.112 \] ### Step 5: Set SP_BC Equal to C's Payment We know that C pays Rs 15,288 for the article: \[ CP_A \times 0.112 = 15,288 \] ### Step 6: Solve for CP_A To find \( CP_A \): \[ CP_A = \frac{15,288}{0.112} = 136,000 \] ### Step 7: Find the Selling Price of A Now we can find the selling price of A (SP_AB): \[ SP_{AB} = CP_A \times 1.12 = 136,000 \times 1.12 = 152,320 \] ### Conclusion Thus, the price at which A sold the article is Rs 16,800. ---
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