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      Question

      Vendor β€˜P’ sold goods for Rs. 1500 at a profit of

      25%. Another vendor β€˜Q’ earned 40% more profit than β€˜P’. Find Q’s profit percentage if cost price is same for both.
      A 45% Correct Answer Incorrect Answer
      B 32.5% Correct Answer Incorrect Answer
      C 35% Correct Answer Incorrect Answer
      D 42.5% Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      Cost price = 1500 Γ· 1.25 = Rs. 1200 Profit by P = 1500 – 1200 = Rs. 300 Profit by Q = 1.4 Γ— 300 = Rs. 420 Required profit % = (420 Γ· 1200) Γ— 100 = 35%

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