Ajit calculates his profit percentage on the | vedclass

Name: Exam Paper Generator | JEE NEET Paper Generator | Vedclass
Brand: Vedclass
Rating: 5 (35 reviews)

Question

(D) Let the selling price $(SP)$ for both be $Rs. P$.For Ajit,profit is calculated on $SP$:Profit $= 25\% 	ext{ of } SP = 0.25P = \frac{P}{4}$.For Ro

Vedclass · Accepted Answer

$2000$

Vedclass · Answer

(D) Let the selling price $(SP)$ for both be $Rs. P$.For Ajit,profit is calculated on $SP$:Profit $= 25\% 	ext{ of } SP = 0.25P = \frac{P}{4}$.For Rohit,profit is calculated on cost price $(CP)$:Profit $= 25\% 	ext{ of } CP = 0.25 	imes CP$.Since $SP = CP + 	ext{Profit}$,we have $P = CP + 0.25CP = 1.25CP$.Thus,$CP = \frac{P}{1.25} = 0.8P = \frac{4P}{5}$.Rohit's profit $= SP - CP = P - 0.8P = 0.2P = \frac{P}{5}$.The difference between their profits is given as $Rs. 100$:$\frac{P}{4} - \frac{P}{5} = 100$.$\frac{5P - 4P}{20} = 100$.$\frac{P}{20} = 100$.$P = 2000$.Therefore,the selling price is $Rs. 2000$.

Ajit calculates his profit percentage on the selling price,whereas Rohit calculates his on the cost price. They find that the difference between their profits is $Rs. 100$. If the selling price for both of them is the same and both of them get a $25\%$ profit,find their selling price (in $Rs.$).

Similar Questions

$A$ trader allows a trade discount of $20 \%$ and a cash discount of $6 \frac{1}{4} \%$ on the marked price of the goods and gets a net gain of $20 \%$ of the cost. By how much above the cost should the goods be marked for the sale? (in $\%$)

$Mr.$ $A$ sold goods to $Mr.$ $B$ at a $10\%$ discount on the printed rate. The discounted value is $Rs. 1242$. If a $15\%$ profit is earned on the purchase rate by selling the goods at the printed rate,what is the purchase rate? (in $Rs.$)

$A$ man purchases some oranges at the rate of $3$ for $₹ 40$ and the same quantity at $5$ for $₹ 60$. If he sells all the oranges at the rate of $3$ for $₹ 50$,find his gain or loss percent (to the nearest integer).

Hundred oranges are bought at the rate of $Rs. 350$ and sold at the rate of $Rs. 48$ per dozen. The percentage of profit or loss is:

If a radio is purchased for $Rs. 490$ and sold for $Rs. 465.50$,find the $\text{loss} \%$. (in $\%$)

Vedclass Test Series

Exam Paper Generator

Online Exam Module