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10 Jul 2019, 10:56
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C
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
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Question Stats:
100% (01:28) correct
0%
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wrong
based on 4
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Two shopkeepers sell an item for Rs 100 each. The first shopkeeper calculates the profit on CP and reports his profit percentage to be 25%. The second shopkeeper calculates his profit on SP and reports it to be 25%. How much profit does the second shopkeeper make more than the first?
A. Rs 15
B. Rs 10
C. Rs 5
D. Rs. 2.5
E. None of the above
A. Rs 15
B. Rs 10
C. Rs 5
D. Rs. 2.5
E. None of the above
WiziusCareers1
Joined: 27 Apr 2009
Last visit: 01 May 2026
Posts: 179
Own Kudos:
Given Kudos: 35
Status:Not Applying
Location: India
Schools: HBS '14 (A)
GMAT 1: 730 Q51 V36
10 Jul 2019, 22:27
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For the first shopkeeper, SP is 100 and his profit is 25% of CP
=> CP + 25% of CP = 100
=> CP = 80
=> Profit = 20
For the second shopkeeper, SP is 100 and his profit is 25% of SP
=> Profit is 25
The difference in profits is 25 - 20 = 5
Hence, the answer is (C).
=> CP + 25% of CP = 100
=> CP = 80
=> Profit = 20
For the second shopkeeper, SP is 100 and his profit is 25% of SP
=> Profit is 25
The difference in profits is 25 - 20 = 5
Hence, the answer is (C).
