Two traders sell, each an article for Rs. 2100. If traders A computes his profit on cost price, while trader B computes his profit on selling price, they end up making profits of 16.67 % respectively. By how much is the profit made by trader B greater than that of trader A?
Two traders sell, each an article for Rs. 2100. If traders A computes his profit on cost price, while trader B computes his profit on selling price, they end up making profits of 16.67 % respectively. By how much is the profit made by trader B greater than that of trader A? Correct Answer Rs. 50
Selling price of both the trader is same = Rs. 2100
Trader A:
A computes his profit percent on Cost price
⇒ Profit percent = 16.67 % = 1/6
⇒ Let cost price be 6x and selling price will be 7x
⇒ 7x = 2100
⇒ x = Rs. 300
⇒ Cost price = 6x = Rs. 1800
⇒ Profit = Cp - Sp = Rs. 300
Trader B:
B computes his profit percent on Selling price
⇒ Profit percent = 16.67% = 1/6
⇒ Selling price be 6x and cost price will be 5x
⇒ 6x = 2100
⇒ x = Rs. 350
⇒ Cost price = 5x = Rs. 1750
⇒ Profit = Rs. 350
⇒ Profit difference of trader B and trader A = Rs. 50
∴ Trader B make a profit of Rs 50 more than trader A.