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'A' sells a suitcase to 'B' at 10% profit. 'B' sells it to 'C' at 30% profit for Rs.2860. What is the cost price for 'A'?
Question

'A' sells a suitcase to 'B' at 10% profit. 'B' sells it to 'C' at 30% profit for Rs.2860. What is the cost price for 'A'?

A.

Rs.2200

B.

Rs.1000

C.

Rs.2000

D.

Rs.1600

Correct option is C

Given:
'C' buys the suitcase for Rs. 2860.
'B' sells the suitcase to 'C' at 30% profit.
'A' sells the suitcase to 'B' at 10% profit.
Formula Used:
Selling Price (SP) = Cost Price (CP)×(1+ Profit100)\text{Cost Price (CP)} \times \left(1 +\frac{\text{ Profit}}{100} \right)​​
Rearranging for CP: CP = SP×(1+ Profit100){\text{SP}} \times \left(1 +\frac{\text{ Profit}}{100}\right) 
Solution: 
Let the cost price for B be Rs. X.
According to the question, B sells it to C at a 30% profit, and the selling price for C is Rs. 2860.
Selling price for C = Cost price for B + 30% of cost price for B
2860 = X + 0.30 × X
2860 = 1.30 ×X
X = 2860 / 1.30
X = Rs. 2200
Now, A sells the suitcase to B at a 10% profit.
Let the cost price for A be Rs. Y.
Cost price for B = Cost price for A + 10% of cost price for A
2200 = Y + 0.10 × Y
2200 = 1.10 × Y
Y = 2200 / 1.10
Y = Rs. 2000
Therefore, the cost price for A is Rs. 2000

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