Multiple Choice Questions on The profit percentage of P and Q is same on selling the articles at Rs 1800 each but A calculates hi........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

The profit percentage of P and Q is same on selling the articles at Rs 1800 each but A calculates hi...........

Quant (SSC) Profit and loss
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    The profit percentage of P and Q is same on selling the articles at Rs. 1800 each but A calculates his profit on the selling price while Q calculates it correctly on the cost price which is equal to 20%. What is the difference in their profits?

    40

    Incorrect Answer

    50

    Incorrect Answer

    60

    Correct Answer

    70

    Incorrect Answer
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    Explanation:

    Profit(Calculated on SP) = 20% of 1800 = 360
    Profit(calculated on CP)
    x + x/5 = 1800
    x = 1500
    Profit = 300
    Difference = 360 – 300 = 60

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