rakesh calculate his profit percentage on the selling price whereas ramesh calculated his profit on the cost price. they find that the difference of their profits is rs.150 . if selling price of both of them are the same rakesh gets 25% profit and Ramesh gets 20% of profit. find rakesh calculate his profit percentage on the selling price whereas rajesh calculated his profit on the cost price. they find that the difference of their profits is rs.150 . if selling price of both of them are the same rakesh gets 25% profit and Ramesh gets 20% of profit. find selling price price
Answers
Given : rakesh calculate his profit percentage on the selling price and gets 25% profit
ramesh calculated his profit on the cost price and gets 20% of profit.
difference of their profits is rs.150
Selling Pri e of both are same.
To Find : Selling Price
Solution:
Selling Price = S
rakesh calculate his profit percentage on the selling price gets 25% profit
Profit = (25/100) S = S/4
ramesh calculated his profit on the cost price.
Ramesh gets 20% of profit.
=> C + (20/100)C = S
=> 1.2C = S
=> C = S/1.2
Profit = 0.2C = 0.2(S/1.2) = S/6
S/4 - S/6 = 150
=> 3S - 2S = 1800
=> S = 1800
Selling Price = 1800 Rs
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