SOLUTION: Mr. Lin buys an article and sells it to Mr. Chen at a gain of 25 % on cost. Mr. Chen sells the article to Mr. Ang at a gain of 20 % on cost. How much money did Mr. Lin pay for the

SOLUTION: Mr. Lin buys an article and sells it to Mr. Chen at a gain of 25 % on cost. Mr. Chen sells the article to Mr. Ang at a gain of 20 % on cost. How much money did Mr. Lin pay for the

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Question 964262: Mr. Lin buys an article and sells it to Mr. Chen at a gain of 25 % on cost. Mr. Chen sells the article to Mr. Ang at a gain of 20 % on cost. How much money did Mr. Lin pay for the article, if Mr. Ang pays $ 360 for it?
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
Let = Mr Chen's cost
(1)
(1)
(1)
------------------------
Let = Mr Lin's cost
(2)
(2)
(2)
Mr Lin paid $240 for th article

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