Question
Raj purchases an article and sells it at Rs. 4100 to
Vinod, while Sumit purchases the same article from Vinod at Rs.4700 and Sumit sells it to Anil at Rs.5400. Calculate the difference between the profit percentage of Vinod and the profit percentage of Sumit?Solution
ATQ, CP for Vinod = Rs.4100 SP for Vinod = Rs.4700 Profit % = (4700-4100)/4100 * 100 = 14.63% CP for Sumit = Rs.4700 SP for Sumit = Rs.5400 Profit % = (5400-4700)/4700 * 100 = 14.89% Required difference = 14.89% - 14.63% = 0.26%
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