Arun sold an article to Babu at a profit of 10%. Babu sold it to Chander for Rs. 60.50 and also gained 10%. What did Arun pay for it?
Explanation:
Let the (CP)Arun = x
Then, (SP)Arun = (CP)Babu = 1.1 x
(SP)Babu = (CP)Chander = Rs. 60.5 = (1.1) (1.1)x
⇒ x = 60.5/1.12 = Rs. 50
Hence, option (c).
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