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Ram sold a chair to Sohan at 10% profit. Sohan sold it to Ashok at 20% of profit. If Ashoka bought it for 660. What is the price at which Ram bought the chair?
1. 120
2. 500
3. 180
4. 300

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Correct Answer - Option 2 : 500

Given:

Ram sold the chair for Sohan at 10% profit.

Calculation:

Let the cost price of Ram is x

⇒ The selling price of Ram = Cost price of Sohan = 1.1x

⇒ Selling price of Sohan = Cost price of Ashoka = 1.32x = 660

⇒ x = 500

⇒ A bought it = 500

∴  The required result will be 500.

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