Multiple Choice Questions on Two merchants sell an article for Rs 1 000 each Merchant A computes his profit on cost price while M........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

Two merchants sell an article for Rs 1 000 each Merchant A computes his profit on cost price while M...........

Quant (SSC) Profit and loss
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    Two merchants sell an article for Rs.1,000 each. Merchant A computes his profit on cost price while Merchant B computes his profit on selling price. Both make a profit of 25% each. By how many rupees is the actual profit made by B more than that made by A?

    75

    Incorrect Answer

    66

    Incorrect Answer

    60

    Incorrect Answer

    50

    Correct Answer
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    Explanation:
    Since B computes actual profit on S.P., actual profit for B = 25% of 1000 = Rs. 250 
    Since A computes actual profit on C.P., C.P. for A = 1000/1.25 = Rs. 800 
    ∴ Actual profit for A = 25% of 800 = Rs. 200
    ∴ Required difference = 250 – 200 = Rs. 50 

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