Profit and loss

Quantitative Aptitude ( CCS)

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P calculates his profit percent on selling price while Q calculates his profit percent on cost price. They notice that difference between their profits is 1000 rupees. If selling price of both P and Q are same and P gets 40% profit and Q gets 60% profit. Then find their selling price

7750

8750

9750

1050

Explanation:

Let selling price = SP and cost price of A = CP1 and that of Q = CP2.
For P, % profit = (SP – CP1)/SP = 40/100. We get CP1 = (3/5)*SP
For Q, % profit = (SP – CP2)/CP2 = 60/100. We get CP2 = (5/7)*SP
Now, CP2 – CP1 = 1000. Solve this and we get SP = 8750

By: Sandeep Dubey

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