Sushant and Raghuram sold thelr personal watch to Mohan In a certain amount. Sushant
calculates his profit percentage on the selling price whereas Raghuram calculates his profit on
the cost price. They find that the difference of their profits is $ 275. If the selling price of both
of them are the same and Sushant gets 25% profit whereas Raghuram gets 15% profit, find
their selling price.
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SP is 2300
Explanation:
Cost price (CP) is the price at which an item is purchased. Selling price (SP) is the price at which an item is sold. If selling price(SP) is more than cost price (CP) it means profit/gain occurs. If selling price (SP) is less than cost price (CP) it means loss occurs
Formulas
profit percentage = (profit × 100) /cost price
Loss percentage = (loss × 100) /cost price
Let Sushant's cost price be 125a/100 and cost price of Raghuram be 100a/115.
According to the question, we have
125a/100 - 15a/115 = 275
(575a-300a)/2300 = 275
275a/2300 = 275
a = 2300
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