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?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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