Profit and Loss Practice Test 2

Question : 13 of 40

Marks: +1, -0

The profit per cent of Bhaskar and Bharat is the same on selling an article for Rs 2,100 each, but Bhaskar calculated his profit on the selling price while Bharat calculated it correctly on the cost price, which is equal to

33 1/3%

. What is the difference in their profit?

Rs 175
Rs 225
Rs 200
Rs 233
None of these

Validate

Solution:

CP of the article sold by Bharat

= 2,100 ×3/4= \Rs 1,575

Profit earned by Bharat= 2,100 - 1,575 = Rs 525
Profit earned by Bhaskar =

33 1/3%

{\Profit }/2100 ×100=1/3

\Profit=100/3 × 2100/100=700

Difference in profit = 700 - 525= Rs 175

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