A bought a tape recorder for Rs 8,000 and sold it to B. B in turn sold it to C, each earning a profit of 20%. Which of the following is true:
A. A and B earn the same profit.
B. A earns more profit than B.
C. A earns less profit than B.
D. Cannot be decided.
Answer:C
A bought a tape recorder for Rs 8,000 and sold it to B. B in turn sold it to C, each earning a profit of 20%. Which of the following is true:
A. A and B earn the same profit. B. A earns more profit than B. C. A earns less profit than B. D. Cannot be decided.