Mathematics: Asells to b an item at 15% profit. b sells the same item to c at 20% profit. if c pays $1656 for it. what is the price at which a bought the item?

65 multiplied by 6 equals 390...

Asells to b an item at 15% profit. b sells the

markmlg122

28.05.2020

The price at which A bought the item is $1200.

Step-by-step explanation:

Suppose, the price at which A bought the item is dollar.

A sells the item to B at 15% profit. That means, the selling price to B = x+(0.15*x)=1.15x dollar.

B sells the same item to C at 20% profit. That means, the selling price to C = 1.15x+(1.15x*0.20)=1.38x dollar.

Given that, C pays $1656 for the item. So, the equation will be.......

$1.38x=1656\\ \\ x=\frac{1656}{1.38}=1200$

So, the price at which A bought the item is $1200.

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