Two Merchants Sell An Article Each For Rs.1000.one Of Them Computes P

1.	Two Merchants Sell An Article Each For Rs.1000.one Of Them Computes Profit As A % Of Cost Price, While The Second Calculates It Incorrectly As A % Of Selling Price. If Both Of Them Claim To Have Made A Profit Of 10%, Who Made More Profit And By What Amount?
Answer» Selling PRICE of Article = RS. 1000 For 1st merchant, 10% profit is on C.P or C.P + Profit = S.P THEREFORE 1.1 * C.P = Rs.1000 or C.P = Rs. 909.1 and Profit = Rs. 90.9 For 2ND merchant, 10% profit is on S.P i.e. Profit = 0.10 * Rs 1000 = Rs. 100 so the profit of 2nd merchant is higher than the 1st merchant by Rs. (100 – 90.9) = Rs. 9.1 (approx.). Selling Price of Article = Rs. 1000 For 1st merchant, 10% profit is on C.P or C.P + Profit = S.P Therefore 1.1 * C.P = Rs.1000 or C.P = Rs. 909.1 and Profit = Rs. 90.9 For 2nd merchant, 10% profit is on S.P i.e. Profit = 0.10 * Rs 1000 = Rs. 100 so the profit of 2nd merchant is higher than the 1st merchant by Rs. (100 – 90.9) = Rs. 9.1 (approx.).

Two Merchants Sell An Article Each For Rs.1000.one Of Them Computes Profit As A % Of Cost Price, While The Second Calculates It Incorrectly As A % Of Selling Price. If Both Of Them Claim To Have Made A Profit Of 10%, Who Made More Profit And By What Amount?

Answer»

Selling PRICE of Article = RS. 1000

For 1st merchant, 10% profit is on C.P or C.P + Profit = S.P

THEREFORE 1.1 * C.P = Rs.1000 or C.P = Rs. 909.1 and Profit = Rs. 90.9

For 2ND merchant, 10% profit is on S.P i.e. Profit = 0.10 * Rs 1000 = Rs. 100

so the profit of 2nd merchant is higher than the 1st merchant by Rs. (100 – 90.9) = Rs. 9.1 (approx.).

Selling Price of Article = Rs. 1000

For 1st merchant, 10% profit is on C.P or C.P + Profit = S.P

Therefore 1.1 * C.P = Rs.1000 or C.P = Rs. 909.1 and Profit = Rs. 90.9

For 2nd merchant, 10% profit is on S.P i.e. Profit = 0.10 * Rs 1000 = Rs. 100

so the profit of 2nd merchant is higher than the 1st merchant by Rs. (100 – 90.9) = Rs. 9.1 (approx.).