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Raman calculates profit/loss on selling price. Raman suffered a loss of 16.66% on selling an article. Rajat earned a profit of 50% on selling an article. Selling price of both the articles is Rs 1200. Cost price of Raman’s is what percentage of cost price of Rajat’s article? 

Raman calculates profit/loss on selling price. Raman suffered a loss of 16.66% on selling an article. Rajat earned a profit of 50% on selling an article. Selling price of both the articles is Rs 1200. Cost price of Raman’s is what percentage of cost price of Rajat’s article?  Correct Answer 175 percent

Given:

loss of Raman = 16.66%

Profit of Rajat = 50%

Selling price of both the articles = Rs 1200

Formula Used:

Profit% = (SP - CP)/CP × 100

Loss% = (CP - SP)/CP × 100

where CP → Cost Price, SP → Selling Price

Calculations:

Cost Price of Raman be "A"

16.66% = (A - 1200)/1200 × 100 (Base will be 1200, Since Raman calculates profit/loss on selling price)

A = 1400

Cost Price of Rajat be "B"

50% = (1200 - B)/B × 100

B = 800

(Cost price of Raman’s/cost price of Rajat’s article) × 100 = 175%

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