Given below are two quantities named A and B. Based on the information, you have to determine the relation between two quantities. You should use the given data and your knowledge of Mathematics to choose between the possible answers. Quantity A: The % of profit earned when Ram buys a TV at Rs. 12,375 and sells it at Rs. 14050 Quantity B: The % of profit earned when Mina buys a set of chair at Rs. 1550 and she sells one of them at 25% profit and other at 20% loss.
Given below are two quantities named A and B. Based on the information, you have to determine the relation between two quantities. You should use the given data and your knowledge of Mathematics to choose between the possible answers. Quantity A: The % of profit earned when Ram buys a TV at Rs. 12,375 and sells it at Rs. 14050 Quantity B: The % of profit earned when Mina buys a set of chair at Rs. 1550 and she sells one of them at 25% profit and other at 20% loss. Correct Answer Quantity A > Quantity B
For quantity A,
⇒ Cost price = Rs. 12,375
⇒ Selling price = Rs. 14,050
⇒ Here, selling price is more than cost price. So, profit is made
⇒ Amount of profit = 14050 – 12375 = Rs. 1,675
∴ % of profit = 1675/12375 × 100 = 13.54%
For quantity B,
⇒ Successive profit/loss = A + B + AB/100
Here, A = Profit % = 25 %
B = loss % = 20%
⇒ Successive profit/loss = 25 - 20 + {25 × (-20)} /100
Here, -ve sign is for loss = 5 - 5 = 0
∴ Quantity of A > B