An engineer bought a second-hand service car and later sold it to a client at a profit of 20%. He said client then resold the car to a trader of a profit at 28%. If the trader paid 30,000 pesos more than it cost the engineer, how much did the engineer paid the car. Show complete solution on a clear paper.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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An engineer bought a second-hand service car and later sold it to a client at a profit of 20%. He said client then resold the car to a trader of a profit at 28%. If the trader paid 30,000 pesos more than it cost the engineer, how much did the engineer paid the car.

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