Mukesh and Rakesh wants to make 25 profit on selling good Mukesh calculating it on cost price while ...........

Quant (SSC) Profit and loss

Mukesh and Rakesh wants to make 25% profit on selling good. Mukesh calculating it on cost price while Rakesh on the selling price, the difference in the profits earned by both being Rs. 100 and selling price being the same in both the cases. Find out the Selling Price of both goods?

Rs.1500

Rs.1600

Rs.1200

Rs.2000

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Explanation:

Profit = 25% = 1/4
Let CP of Mukesh’s article = 4x & Profit = x; SP = 4x + x = 5x
Let CP of Rakesh’s article = 4y = 5x —(1)
[Selling price of Mukesh’s article = Cost Price of Rakesh’s article]
x – y = 100—-(2)
y = 500
Selling price = 5x = 4y = 2000