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Solution: If Noel paid P2, 856 more than it cost to Jojo, how much did Jojo paid for the unit?

If Noel paid P2, 856 more than it cost to Jojo, how much did Jojo paid for the unit?

Problem Statement: ECE Board November 1993

Jojo bought a second hand Betamax VCR and then sold it to Rudy at a profit of 40%. Rudy then sold the VCR to Noel at a profit of 20%. If Noel paid P2, 856 more than it cost to Jojo, how much did Jojo paid for the unit?

Problem Answer:

Jojo bought a second hand Betamax VCR for P 4,200.

Solution:

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