Question
Suresh purchases an article and sells it at Rs. 3200 to
Ramesh, while Kunal purchases the same article from Ramesh at Rs.3700 and Kunal sells it to Pankaj at Rs.4550. Calculate the difference between the profit percentage of Ramesh and the profit percentage of Kunal?Solution
ATQ, CP for Ramesh = Rs.3200 SP for Ramesh = Rs.3700 Profit % = (3700-3200)/3200 * 100 = 15.63% CP for Kunal = Rs.3700 SP for Kunal = Rs.4550 Profit % = (4550-3700)/3700 * 100 = 22.97% Required difference = 22.97% - 15.63% = 7.34%
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