The cost price of a saree to a person X was ₹100. Person X sells the saree to person Y at a profit of 10% and person Y then sells it to person Z at a loss of 10%. How much does person Z pay for the saree?
The cost price of a saree to a person X was ₹100.
cost price of a saree to a person X = ₹100
Person X sells the saree to person Y at a profit of 10%.
Selling price of a saree to a person X = ₹100 of (100+10)%
= ₹100 of 110%
= $$100\times\frac{110}{100}$$
= ₹110
cost price of a saree to a person Y = ₹110
person Y then sells it to person Z at a loss of 10%.
Selling price of a saree to a person Y = ₹110 of (100-10)%
= ₹110 of 90%
= $$110\times\frac{90}{100}$$
= ₹99
cost price of a saree to a person Z = ₹99
So person Z pay ₹99 for the saree.
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