A purchased an article and sold it to B at a loss of 20% and B sold it to C at a gain of 20%. C purchases the article for Rs 480. For what price (in Rs) A has purchased the article?

A purchased an article and sold it to B at a loss of 20% and B sold it

1.	A purchased an article and sold it to B at a loss of 20% and B sold it to C at a gain of 20%. C purchases the article for Rs 480. For what price (in Rs) A has purchased the article?
A.	500
B.	450
C.	420
D.	480
Answer» B. 450

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A purchased an article and sold it to B at a loss of 20% and B sold it to C at a gain of 20%. C purchases the article for Rs 480. For what price (in Rs) A has purchased the article?

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