‘A’ sells an article to ‘B’ at a profit of 20% and ‘B’ sells it to ‘C’ at a profit of 25%. If ‘C’ pays Rs. 1,200, the cost price of the article originally (in Rs.) IS
Cost paid by C = cost price x profit of A x profit of B
1200 = CP x 1.20 x 1.25
CP = 800
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