A sells an article to B at 20% profit. B sells it to C at 15% loss. If C pays Rs 510 for it, then A purchased it at:
ARs 480
BRs 490
CRs 500 ✓ Correct
DRs 520
Correct answer: (C) Rs 500
Explanation
A bought it for Rs 500.
Let A's cost = x; B pays 1.20x at 20% profit.
C pays 1.20x x 0.85 at 15% loss = 1.02x.
1.02x = 510.
x = 500, so A's cost = Rs 500.
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