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A sells a cycle to B at a profit of 5% and B sells it to C at a profit of 10%. If C pays $ 2310 for it, the cost price of A is
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- $ 2000
- $ 2100
- $ 1900
- $ 2010
Correct Option: A
Let the C.P. for A be $ y, then
According to question,
y × | × | = 2310 | 100 | 100 |
⇒ y = | = $ 2000 | 105 × 110 |
We can find required answer with the help of given formula :
Here, r1 = 5%, r2 = 10%
C.P. for C = C.P. for A |
2310 = C.P. for A |
C.P. for A = | = 2000 | 105 × 110 |