P sold his bicycle to Q at a profit of 10%. How much did the bicycle cost P?

P sold his bicycle to Q at a profit of 10%. How much did the bicycle cost P?

Answer Details

Let the selling price(SP from P to Q be represented by x
i.e. SP = x
When SP = x at 10% profit
CP = $\frac{100}{100}$ + 10 of x = $\frac{100}{110}$ of x
when Q sells to R, SP = ₦209 at loss of 5%
Q's cost price = Q's selling price
CP = $\frac{100}{95}$ x 209
= 220.00
x = 220
= $\frac{2200}{11}$
= 200
= ₦200.00