📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    The profit percentage of K and L is same on selling the

    articles at Rs. 48800 each but K calculates his profit on the selling price while L calculates it correctly on the cost price which is equal to 22%. What is the difference in their profits?
    A Rs. 1840 Correct Answer Incorrect Answer
    B Rs. 1848 Correct Answer Incorrect Answer
    C Rs. 1936 Correct Answer Incorrect Answer
    D Rs. 1958 Correct Answer Incorrect Answer

    Solution

    Profit(Calculated on SP) = 22% of 48800 = 10736 Profit(calculated on CP) x + 11x/50 = 48800 61x/50 = 48800 x = 40000 Profit = 40000 X 11/50 = Rs. 8800 Difference = 10736 – 8800 = Rs. 1936

    Practice Next
    More Profit and loss Questions
    ask-question