Masood purchased a plot for Rs. 8,000. He sells the plot to Aftab at a profit of 20%. Aftab sells the plot to Zahid at a loss of 20%. Zahid purchased the plot at ______?
Masood purchased a plot for Rs. 8,000. He sells the plot to Aftab at a profit of 20%. Aftab sells the plot to Zahid at a loss of 20%. Zahid purchased the plot at ______?
Explanation
Let's calculate the price at which Zahid purchased the plot:
Masood sells to Aftab at 20% profit:
Selling price = 8000 + (20% of 8000)
= 8000 + 1600
= 9600
Aftab sells to Zahid at 20% loss:
Selling price = 9600 - (20% of 9600)
= 9600 - 1920
= 7680