Arun sells an article at 20 profit to Bala Bala sells it to Catherine at 10 profit Catherine sells i...........

Quant (SSC) Profit and loss

Arun sells an article at 20% profit to Bala, Bala sells it to Catherine at 10% profit. Catherine sells it to Dinesh at Rs. 16 profit. The difference between the cost price of Dinesh and cost price of Arun was Rs. 500. How much did Bala pay to Arun for the article?

Rs.1350

Rs.1815

Rs.1650

Rs.1750

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Explanation:

Cost Price of Arun = 100x
Cost Price of Bala = 120x
Cost Price of Catherine = 132x
Cost Price of Dinesh = 132x + 16
132x + 16 – 100x = 500
32x + 16 = 500
32x = 484
x = 484/32 = 15.125
Cost Price of Bala =120x = 120 * 15.125 = 1815