Question

Person A sold his bicycle to Person B at a profit of 50 %.

Person B sold to Person C for $ 230.40 at a loss of 4 %.
How much did the bicycle cost Person A?

Answer 1

$147.46

Explanation:

CP= x

SP= x+ 50%= 1.5x

1.5x- 4%= 230.40

1.5x*0.96= 230.4

x= 230.4/1.5*0.96

x= 147.456 ≈ $147.46