Question

Ram calculates his profit percentage on cost price whereas Shyam calculates his profit percentage on selling price. The difference in their profits is Rs 200. If both of them sell a product at the same price and make 25% profit, find the price at which the product was sold.
A.Rs 6000
B.Rs 5000
C.Rs 4000
D.Rs 3000

Answer 1

Answer:

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Step-by-step explanation:

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Answer 2

Answer:

The product was sold at Rs.4000

Step-by-step explanation:

Let the selling price of Ram and Shyam be Rs. x.

The cost price of Ram =

$\frac{125x}{100}$

And cost price of Shyam =

$\frac{100x}{125}$

According to the question,we have

$( \frac{125x}{100} - x ) - (x - \frac{100x}{125} ) = 200$

$\frac{25x}{100} - \frac{25x}{125} = 200$

$\frac{x}{4} - \frac{x}{5} = 200 \\ \frac{5x - 4x}{20} = 200 \\ \frac{x}{20} = 200 \\ x = 4000$

The product was sold at Rs.4000