Question

A trader calculates his profit on the basis of
cost price and another on the basis of selling
price. If their selling prices are equal then the
difference of their actual profits is Rs 85 and
also both get 20% profit. What is their selling
price?
(A) Rs 1700
(B) Rs 2100
(C) Rs 2550
(D) Rs 2750​

Answer 1

Answer:

C) Rs 2550

Step-by-step explanation:

From question, we can say:

Let S.P. = 1.2 CP 1

0.8 S.P. = CP2

CP1 − CP2 = 85

SP/1.2 − 0.8SP = 85

S.P. = Rs. 2550