Question
The selling price of an article by two different vendors
is Rs.680 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 = 680/(100 + 25)% = Rs.544 CP of item for second vendor = 680 × (100 - 25)% = Rs.510 Profit earned by the first vendor = 680 – 544 = Rs.136 Profit earned by the second vendor = 680 – 510 = Rs.170 Required difference = Rs. (170 – 136) = Rs.34
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