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Mukesh and Rakesh wants to make 25% profit on selling good. Mukesh calculating it on cost price while Rakesh on the selling price, the difference in the profits earned by both being Rs. 100 and selling price being the same in both the cases. Find out the Selling Price of both goods?
- a)Rs.1500
- b)Rs.1600
- c)Rs.1200
- d)Rs.2000
- e)None of these
Correct answer is option 'D'. Can you explain this answer?
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Verified Answer
Mukesh and Rakesh wants to make 25% profit on selling good. Mukesh cal...
Profit = 25% = 1/4
Let CP of Mukesh’s article = 4x & Profit = x; SP = 4x + x = 5x
Let CP of Rakesh’s article = 4y = 5x —(1)[Selling price of Mukesh’s article = Cost Price of Rakesh’s article] x – y = 100—-(2)
y = 500
Selling price = 5x = 4y = 2000
Let CP of Mukesh’s article = 4x & Profit = x; SP = 4x + x = 5x
Let CP of Rakesh’s article = 4y = 5x —(1)[Selling price of Mukesh’s article = Cost Price of Rakesh’s article] x – y = 100—-(2)
y = 500
Selling price = 5x = 4y = 2000
Most Upvoted Answer
Mukesh and Rakesh wants to make 25% profit on selling good. Mukesh cal...
Given:
Mukesh wants to make a 25% profit on the cost price.
Rakesh wants to make a 25% profit on the selling price.
The difference in profits earned by both is Rs. 100.
The selling price is the same in both cases.
To find:
The selling price of both goods.
Solution:
Let the cost price of the goods be Rs. C and the selling price be Rs. S.
Mukesh's Profit Calculation:
Mukesh wants to make a 25% profit on the cost price.
Profit% = (Profit / Cost Price) x 100
25 = (Profit / C) x 100
Profit = 0.25C
Selling Price = Cost Price + Profit
Selling Price = C + 0.25C
Selling Price = 1.25C
Rakesh's Profit Calculation:
Rakesh wants to make a 25% profit on the selling price.
Profit% = (Profit / Selling Price) x 100
25 = (Profit / S) x 100
Profit = 0.25S
Selling Price = Cost Price + Profit
Selling Price = C + 0.25S
Given that the selling price is the same in both cases:
1.25C = C + 0.25S
0.25S = 0.25C + 100
S = 1000 + C
Substituting this value of S in the equation 1.25C = C + 0.25S:
1.25C = C + 0.25(1000 + C)
1.25C = 0.25C + 250 + 0.25C
0.75C = 250
C = 333.33
S = 1333.33
Therefore, the selling price of both goods is Rs. 1333.33, which is option D.
Mukesh wants to make a 25% profit on the cost price.
Rakesh wants to make a 25% profit on the selling price.
The difference in profits earned by both is Rs. 100.
The selling price is the same in both cases.
To find:
The selling price of both goods.
Solution:
Let the cost price of the goods be Rs. C and the selling price be Rs. S.
Mukesh's Profit Calculation:
Mukesh wants to make a 25% profit on the cost price.
Profit% = (Profit / Cost Price) x 100
25 = (Profit / C) x 100
Profit = 0.25C
Selling Price = Cost Price + Profit
Selling Price = C + 0.25C
Selling Price = 1.25C
Rakesh's Profit Calculation:
Rakesh wants to make a 25% profit on the selling price.
Profit% = (Profit / Selling Price) x 100
25 = (Profit / S) x 100
Profit = 0.25S
Selling Price = Cost Price + Profit
Selling Price = C + 0.25S
Given that the selling price is the same in both cases:
1.25C = C + 0.25S
0.25S = 0.25C + 100
S = 1000 + C
Substituting this value of S in the equation 1.25C = C + 0.25S:
1.25C = C + 0.25(1000 + C)
1.25C = 0.25C + 250 + 0.25C
0.75C = 250
C = 333.33
S = 1333.33
Therefore, the selling price of both goods is Rs. 1333.33, which is option D.
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Mukesh and Rakesh wants to make 25% profit on selling good. Mukesh calculating it on cost price while Rakesh on the selling price, the difference in the profits earned by both being Rs. 100 and selling price being the same in both the cases. Find out the Selling Price of both goods?a)Rs.1500b)Rs.1600c)Rs.1200d)Rs.2000e)None of theseCorrect answer is option 'D'. Can you explain this answer?
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Mukesh and Rakesh wants to make 25% profit on selling good. Mukesh calculating it on cost price while Rakesh on the selling price, the difference in the profits earned by both being Rs. 100 and selling price being the same in both the cases. Find out the Selling Price of both goods?a)Rs.1500b)Rs.1600c)Rs.1200d)Rs.2000e)None of theseCorrect answer is option 'D'. Can you explain this answer? for Quant 2024 is part of Quant preparation. The Question and answers have been prepared according to the Quant exam syllabus. Information about Mukesh and Rakesh wants to make 25% profit on selling good. Mukesh calculating it on cost price while Rakesh on the selling price, the difference in the profits earned by both being Rs. 100 and selling price being the same in both the cases. Find out the Selling Price of both goods?a)Rs.1500b)Rs.1600c)Rs.1200d)Rs.2000e)None of theseCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Quant 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Mukesh and Rakesh wants to make 25% profit on selling good. Mukesh calculating it on cost price while Rakesh on the selling price, the difference in the profits earned by both being Rs. 100 and selling price being the same in both the cases. Find out the Selling Price of both goods?a)Rs.1500b)Rs.1600c)Rs.1200d)Rs.2000e)None of theseCorrect answer is option 'D'. Can you explain this answer?.
Mukesh and Rakesh wants to make 25% profit on selling good. Mukesh calculating it on cost price while Rakesh on the selling price, the difference in the profits earned by both being Rs. 100 and selling price being the same in both the cases. Find out the Selling Price of both goods?a)Rs.1500b)Rs.1600c)Rs.1200d)Rs.2000e)None of theseCorrect answer is option 'D'. Can you explain this answer? for Quant 2024 is part of Quant preparation. The Question and answers have been prepared according to the Quant exam syllabus. Information about Mukesh and Rakesh wants to make 25% profit on selling good. Mukesh calculating it on cost price while Rakesh on the selling price, the difference in the profits earned by both being Rs. 100 and selling price being the same in both the cases. Find out the Selling Price of both goods?a)Rs.1500b)Rs.1600c)Rs.1200d)Rs.2000e)None of theseCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Quant 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Mukesh and Rakesh wants to make 25% profit on selling good. Mukesh calculating it on cost price while Rakesh on the selling price, the difference in the profits earned by both being Rs. 100 and selling price being the same in both the cases. Find out the Selling Price of both goods?a)Rs.1500b)Rs.1600c)Rs.1200d)Rs.2000e)None of theseCorrect answer is option 'D'. Can you explain this answer?.
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