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    Question

    A seller made a profit of 40% on a product, while

    another seller sold the same product for a 36% profit. If the first seller’s profit was Rs. 72 more than the second seller’s profit, what was the cost price of the product?
    A Rs.1700 Correct Answer Incorrect Answer
    B Rs.1450 Correct Answer Incorrect Answer
    C Rs.1675 Correct Answer Incorrect Answer
    D Rs.1800 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    ATQ;
    Let the cost price of the product = Rs. ‘x’
    Selling price of the product for the first seller = Rs. ‘1.40x’
    Selling price of the product for the second seller = Rs. ‘1.36x’
    ATQ;
    (1.40x – 1.36x) = 72
    Or, 0.04x = 72
    So, x = 72 / 0.04 = 1800
    Therefore, cost price of the product = Rs. 1,800

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