A sold an article to B at a loss of 20%, and B sold it to C at a profit of 20%. If A had sold the article for the price C paid, what would have been his loss or gain per cent ?
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Solution
Let original price be x
A sold at a loss at 20% i.e 80100×x=4x5
B sold at a point of 20% i.e 4x5+20100×4x5=4x5(1+15)=6x5×45=24x25
If A had sold at a price of 24x25
He would have a loss of x−24x25x×100=125×100=4% loss.