Correct option is A
Given:
- C buys the radio for 462 .
- B sells the radio to C at a gain of 5% .
- A sells the radio to B at a gain of 10% .
Formula Used:
Selling Price and Cost Price Relationship:
If an item is sold at a gain of x% then:
Selling Price (SP)} =
Rearrange to find Cost Price:
Cost Price (CP) =
Solution:
Calculate the Cost Price for B (CP of B):
Since C bought the radio for 462 and B sold it to C at a gain of 5% :
CP of B =
The Cost Price for A (CP of A):
B bought the radio from A at a gain of 10% :
CP of A =
The cost price for A is 400.