Question

When an item is sold for 15% profit and 20% profit, the difference between the selling prices. 250. But what is the component relationship between selling prices? (a) 25:23 (b) 24:23 (c) 23:24 (d) 24:25
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Answer 1

Answer:

Let us assume that cost price of one items is Re1

Cost price of 15 items= Rs15

Selling price of 15 items = cost price of 20 items = Rs 20

Now, SP>CP

Thus there will be profit

Profit=20–15= 5

Profit%=5/15×100= 33.33%