A sells a cycle to B at a profit of 10%, B sells to C at

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A sells a cycle to B at a profit of 10%, B sells to C at a profit of 20%. If C pays $ 264 for it, how much did A pay for it?

Let the C.P. of A be $ y, then

y ×		110	×	120	= 264
		100		100

⇒ y =	264 × 100 × 100	= $ 200
	110 × 120

We can find required answer with the help of given formula :
Here, r₁ = 10%, r₂ = 20%

C.P. for A =	264 × 100 × 100	= $ 200
	110 × 120