Monday, 27 August 2018

Profit and loss


One trader calculates the percentage of profit on the buying price and another calculates on the selling price. When their selling prices are the same, then the difference of their actual profits is Rs. 85 and both claim to have made 20% profit, what is the selling price of each? 

a) 1700
b) 2100
c) 2550
d) 2750

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1 comment:

  1. Bhaskar Reddy27 August 2018 at 22:49

    Let
    SP = 1.2 CP1
    0.8 SP = CP2
    CP1 - CP2 = 85
    SP/1.2 - 0.8SP = 85
    SP = Rs. 2550.

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