Quantitative Aptitude Profit and Loss Successive Selling

Ram sells a suitcase to Mohan at a 20% profit. Mohan sells it to Shyam at a 40% profit. If Shyam pays Rs. 1,430 for it, then the price at which Ram bought it is:

1

Rs. 875

2

Rs. 870

3

Rs. 880

4

Rs. 851.19

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