Word Problem 9
Problem 9: A sold a table to B at 4% profit.B sold the same table for Rs 65, thereby he made a profit of 25%. Find the price at which A had purchased the table.
a. 40 b.60. c.50 d.70
Let the cost price for A is Rs ‘y’. A earns a profit of 4% of his cost price
So, the sale price at which A sold table to B is 26y/25. So, now it will stand as cost price for B.
Now we consider B’s case
Cost price of B
Sale price by B at which he sold table is Rs. 65 i-e
Profit earned by B is 25% of his cost price i-e
Putting values of P, SP, CP
So the cost price by A was Rs 25
(GRE arithmetic questions and answers, css screening test math)