Question

    Vendor ‘P’ sold goods for Rs. 1500 at a profit of

    25%. Another vendor ‘Q’ earned 40% more profit than ‘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 ÷ 1.25 = Rs. 1200 Profit by P = 1500 – 1200 = Rs. 300 Profit by Q = 1.4 × 300 = Rs. 420 Required profit % = (420 ÷ 1200) × 100 = 35%

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