Question
Vendor βPβ sold goods for Rs. 1500 at a profit of
25%. Another vendor βQβ earned 40% more profit than βPβ. Find Qβs profit percentage if cost price is same for both.Solution
Cost price = 1500 Γ· 1.25 = Rs. 1200 Profit by P = 1500 β 1200 = Rs. 300 Profit by Q = 1.4 Γ 300 = Rs. 420 Required profit % = (420 Γ· 1200) Γ 100 = 35%
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