Rakesh finds his profit % on selling price and Ramesh finds his profit percent on Cost price. If the difference between their profit of both is 150 and their S.P is same. Find the S.P of each where Rakesh get a profit of 25% and Ramesh earn a profit of 20%.
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 Price 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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