Profit and loss

Quantitative Aptitude ( CCS)

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The selling price of an article by two different vendors is Rs.960. and profit earned is 25%. One vendor counts his profit on cost price while other one counts his profit on selling price. Find the difference of profit earned by both the vendors.

Rs.33

Rs.62

Rs.44

Rs.48

Explanation:

CP of item for first vendor = 960/(100+25)% = Rs.768
CP of item for second vendor = 960*(100-25)% = Rs.720
Profit for first vendor = 960 – 768 = Rs.192
Profit for second vendor = 960 – 720 = Rs.240
Required Difference = 240 – 192 = Rs.48

By: Pranav Gupta

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