profit and loss

A sells a Car to B at a profit of 10%, B sells it to C at a profit of 20%. If C pays $ 2000, what did A pay for it?




Answer

Cost of Car to A = y

So, Buying price of B = 1.10y

Buying price of C = 1.10y x 1.2 = 2000

or, y = 2000 / (1.1x 1.2) = $ 1515.15