A buys water cooler at some price and sells it to B at 20% profit. B sells it to C at 10% profit. If C bought it for ₹6666, then the cost price for B is:
A buys water cooler at some price and sells it to B at 20% profit.
Let's assume the cost price of water cooler for A is ₹100y.
Selling price for A = Cost price for B = 100y of (100+20)%
= 100y of 120%
= 120y
B sells it to C at 10% profit.
Selling price for B = Cost price for C = 120y of (100+10)%
= 120y of 110%
= 132y
If C bought it for ₹6666.
132y = 6666
y = 50.5
Cost price for B = 120y = $$120\times50.5$$
= ₹6060
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