A sold an article to B at a profit of 25%. B sold it to C at a profit of 15%. The profit made by B is ₹40 less than the profit made by A. What is the cost price (in ₹) of the article for A?
Let the cost price of A = 100C
Profit percentage of A = 25%
Profit of A = $$\frac{25}{100}\times$$100C = 25C
Selling price of A = Cost price of B = 100C + 25C = 125C
Profit percentage of B = 15%
Profit of B = $$\frac{15}{100}\times$$125C = $$\frac{75}{4}$$C
The profit made by B is ₹40 less than the profit made by A.
$$\frac{75}{4}$$C = 25C - 40
25C - $$\frac{75}{4}$$C = 40
$$\frac{25}{4}$$C = 40
C = $$\frac{32}{5}$$
Cost price of the article for A = 100C = $$100\times\frac{32}{5}$$ = ₹640
Hence, the correct answer is Option B
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