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      Question

      Two Friends sell an article for Rs. 960, each earning a 25%

      profit. However, one friend calculates his profit based on the cost price, while the other calculates it based on the selling price. Determine the difference in the profit earned by both friends.
      A Rs.15 Correct Answer Incorrect Answer
      B Rs.48 Correct Answer Incorrect Answer
      C Rs.32 Correct Answer Incorrect Answer
      D Rs.40 Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      ATQ;
      Cost price of item for first Friend = 960 ├╖ (100 + 25)% = 960├╖1.25 = Rs.768
      Cost price of item for second Friend = 960├Ч (100 - 25)% = 960 ├Ч 0.75 = Rs.720
      So, profit of first friend = 960- 768 = Rs.192
      And, profit of second friend = 960-720 = Rs.240
      Therefore, required difference = 240 тАУ 192 = Rs.48

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