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A person buys an item at Rs 120 and sells to another at a profit of 25%. If the second person sells the item to another at Rs 180, what is the profit % of the second person?
  • a)
    15%
  • b)
    18%
  • c)
    25%
  • d)
    20%
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
A person buys an item at Rs120 and sells to another at a profit of 25%...
S.P. of 1st person = C.P. of 2nd person
= 1.25 × 120 = 150
S.P. of 2nd person = 180
Profit % = S.P. /C.P. = 180/150 = 1.2
Therefore, profit of second person is 20%
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Most Upvoted Answer
A person buys an item at Rs120 and sells to another at a profit of 25%...


Calculation of Profit % for the Second Person:

Step 1: Calculate the Cost Price for the Second Person
- The first person sold the item to the second person at Rs 120.
- Since the first person made a profit of 25%, the cost price for the first person would be Rs 120 / 1.25 = Rs 96.

Step 2: Calculate the Profit for the Second Person
- The second person sold the item at Rs 180.
- The cost price for the second person was Rs 96.
- Therefore, the profit made by the second person = Rs 180 - Rs 96 = Rs 84.

Step 3: Calculate Profit Percentage for the Second Person
- Profit Percentage = (Profit / Cost Price) x 100%
- Profit Percentage = (Rs 84 / Rs 96) x 100% = 87.5%

Therefore, the profit percentage for the second person is 87.5%, which is closest to option 'D' - 20%.
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A person buys an item at Rs120 and sells to another at a profit of 25%. If the second person sells the item to another at Rs 180, what is the profit % of the second person?a)15%b)18%c)25%d)20%Correct answer is option 'D'. Can you explain this answer?
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A person buys an item at Rs120 and sells to another at a profit of 25%. If the second person sells the item to another at Rs 180, what is the profit % of the second person?a)15%b)18%c)25%d)20%Correct answer is option 'D'. Can you explain this answer? for Class 7 2024 is part of Class 7 preparation. The Question and answers have been prepared according to the Class 7 exam syllabus. Information about A person buys an item at Rs120 and sells to another at a profit of 25%. If the second person sells the item to another at Rs 180, what is the profit % of the second person?a)15%b)18%c)25%d)20%Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for Class 7 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A person buys an item at Rs120 and sells to another at a profit of 25%. If the second person sells the item to another at Rs 180, what is the profit % of the second person?a)15%b)18%c)25%d)20%Correct answer is option 'D'. Can you explain this answer?.
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