A sells to B an item at 15% profit. B sells the same item to C...
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A sells to B an item at 15% profit. B sells the same item to C at 20% profit. If C pays P1,656 for it. What is the price at which A bought the item? 2. Mr. Lenin sold a chair at a loss of 15%. If he had sold at a mark up rate of 10%, he would have got P100 more. What is the cost price of the chair? 3. If goods are purchased for P1,500 and one fifth of them sold at a loss of 15%. Then at what mark up rate should the rest be sold to obtain an overall mark up rate of 15%? A sells to B an item at 15% profit. B sells the same item to C at 20% profit. If C pays P1,656 for it. What is the price at which A bought the item? 2. Mr. Lenin sold a chair at a loss of 15%. If he had sold at a mark up rate of 10%, he would have got P100 more. What is the cost price of the chair? 3. If goods are purchased for P1,500 and one fifth of them sold at a loss of 15%. Then at what mark up rate should the rest be sold to obtain an overall mark up rate of 15%?
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Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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