Two Traders A and B each sold the product at

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GMATBusters’ Quant Quiz Question -6

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Two Traders A and B each sold the product at $1000. If A earned 20% profit on selling price and B earned 25% profit on cost price, who earned more profit and by how much? 
A. A got 50$ more profit
B. B got 50$ more profit 
C. B got 100$ more profit
D. both got the same profit
E. cannot be determined

ashwini2k6jha · Answer

Answer D
for A,profit= 1000*20%=200
for B,profit=c*0.25=1000-c
cost=c=800
profit=800*0.25=200

Kinshook · Answer

Given: 
1. Two Traders A and B each sold the product at $1000. 
2. A earned 20% profit on selling price and B earned 25% profit on cost price
Asked: Who earned more profit and by how much?

A. A got 50$ more profit
B. B got 50$ more profit 
C. B got 100$ more profit
D. both got the same profit
E. cannot be determined

Selling price of A = $1000
A earned 20% profit on selling price
Profit earned by A earned 20%* $1000 = $200

Selling price of B = $1000
B earned 25% profit on cost price
Cost price = $1000/1.25 = $800
Profit = Selling price - Cost price = $1000 - $800 = $200

Both got profit of $200 (Same profit)

IMO D

uc26 · Answer

Profit for A= 20 percent of 1,000= 200
Profit for B:
Let the cost be 100.
Then the profit is 25 and selling price is 125.
So profit= 1000/125 * 25= 200
Same profit for A and B.
Answer: D

Archit3110 · Answer

Profit = SP-CP
SP of A = 1000$
A earned 20% profit on SP ; given SP = 1000$ so its Profit ; 1000*20/100 ; 200$
hence its Cost price = 1000-200 ; 800$

SP of B = 1000$
B earned 25% profit on CP ; so his actual CP = 1000/1.25 ; $800 ; so actual profit earned by B = 1000-800 ; 200$

We can say that both got the same profit
OPTION D

Two Traders A and B each sold the product at $1000. If A earned 20% profit on selling price and B earned 25% profit on cost price, who earned more profit and by how much?
A. A got 50$ more profit
B. B got 50$ more profit
C. B got 100$ more profit
D. both got the same profit
E. cannot be determined

MayankSingh · Answer

IMO D

Two Traders A and B each sold the product at $1000. If A earned 20% profit on selling price and B earned 25% profit on cost price, who earned more profit and by how much?

A's profit = 20% (1000)= 200
For B,
Cost Price X 1.25 = SP
CP = 1000/1.25 = 800
Profit B's = 200

So A's profit = B's Profit

D. both got the same profit

tyson1990 · Answer

Selling Price = S, Cost = C, Profit = P
S = C + P

S(A) = 1000
P(A) = 20% of S(A) = 200
C(A) = 800

S(B) = 1000
P(B) = 25% of C(B) = 0.25 X C(B)

So, 1.25 X C(B) = 1000
C(B) = 800
P(B) = 200

Hence, both got same profit.

urshi · Answer

Answer : D

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Hulikunte · Answer

I got D. Given SP=1000 , Same for both A & B
Profit = SP-CP

For A,
20% of SP = SP - CP
CP = 0.8SP

For B,
25% of CP = SP - CP
1.25 CP = SP
CP = 0.8SP

Implies Profit is same.

shashwat91 · Answer

for A --> profit is on S.P--> 20 % of 1000 is 200(profit)----(1)
for B --> profit is on C.P--> let C.P be x
therefore, x+25x/100=1000-->x+x/4=1000
and x =800. threfore 1000-800=200(profit)---(2)

by (1) & (2) we conclude that profit margins are same in both the cases..

Two Traders A and B each sold the product at

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