A sells a car to B at a gain of 10% and B again sells it to C at a profit of 5%. If C pays ₹4,06,000 to B, what is the cost price of the car for A?
(Consider integral part only)
Explanation:
B sells the car for Rs. 4,06,000 at 5% profit. B's cost price = 4,06,000/1.05
A sells the car for Rs. 4,06,000/1.05 at 10% profit. A's cost price = 4,06,000/(1.05 × 1.1) = Rs. 3,51,515
Hence, option (c).