Question
The selling price of an article by two different vendors
is Rs.860 and profit earned is 25%. One vendor counts his profit on cost price while other one counts his profit on selling price. Find the difference of profit earned by both the vendors.Solution
CP of item for first vendor = 860/(100 + 25)% = Rs.688 CP of item for second vendor = 860 × (100 - 25)% = Rs.645 Profit earned by the first vendor = 860 – 688 = Rs.172 Profit earned by the second vendor = 860 – 645 = Rs.215 Required difference = Rs. (215 – 172) = Rs.43
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