Question

One trader calculates the percentage of profit on the C.P. and another calculates on S.P. when their selling prices are the same, then the difference of their actual profit is $85$ rupees and both claim to have made $20\%$ profit. What is the selling price of each?

• A. Rs. $3525$
• B. Rs. $3250$
• C. Rs. $2550$
• D. Rs. $2200$
• E. None of these

Answer 1

Answer: (C)

Rs. $2550$

From question, we can say:

Let S.P. $=1.2$ CP${}_1$
$0.8$ S.P. $=$ CP${}_2$
CP${}_1$ $-$ CP${}_2=85$
$\frac{SP}{1.2}-0.8SP=85$
S.P. $=$ Rs. $2550$