The price of a jewel, passing through three hands, rises on the whole by 65 percent. If the first and second sellers earned 20 percent and 25 percent profit respectively, find the percentage profit earned by the third seller.
A10% ✓ Correct
B15%
C16%
D12%
Correct answer: (A) 10%
Explanation
The third seller earned 10 percent profit.
overall factor = 1.65.
first two factors = 1.20 x 1.25 = 1.50.
third factor = 1.65 / 1.50 = 1.10.
this is a 10 percent profit.
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