Question

A buys a camera for $1500 and sells it to B at a profit of 20%.B sells it to C at a loss of 20%.What does C pay for the camera?

Answer 1

First, look at what B paid for the camera. If A made a 20% profit, he sold the camera for 1500*1.2=1800.

Now since B took a 20% loss, C bought the camera for 1800*.8=?

Answer 2

$ 1500 x 20/ 100 =$300
A 's Selling price 1500 +300 = 1800
1800 x 20/100 = $360
B's selling price = 1800 -360 = 1440
C paid $1440 for the camera