Multiple Choice Questions on A sells a suitcase to B at 10 profit B sells it to C at 30 profit If C pays 2 860 for it then the pr........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

A sells a suitcase to B at 10 profit B sells it to C at 30 profit If C pays 2 860 for it then the pr...........

Quant (SSC) Profit and loss
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    A sells a suitcase to B at 10% profit. B sells it to C at 30% profit. If C pays ? 2,860 for it, then the price at which A bought it is

    1000

    Incorrect Answer

    1600

    Incorrect Answer

    2000

    Correct Answer

    2500

    Incorrect Answer
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    Explanation:

    Let the CP of the suitcase for A be ? x, then
    110% of 130% of x = 2860
    ⇒  x × 110/100 x 130/100 = 2860
    ⇒ x = 2860 × 100 × 100 /110 × 130 = 2000

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