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The profit percentage of A and B is same...

The profit percentage of A and B is same on selling the articles at ₹ 1800 each but A calculates his profit on the selling price while B calculates it correctly on the cost price which is equal to`20%`. What is the difference in their profits?

A

₹ 360

B

₹ 60

C

₹ 540

D

₹ 450

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem, we need to find the difference in profits between A and B when both sell articles at ₹1800 each, but they calculate their profits differently. ### Step-by-Step Solution: 1. **Understanding the Profit Calculation**: - A calculates his profit based on the selling price (SP). - B calculates his profit based on the cost price (CP) and his profit percentage is 20%. 2. **Calculating B's Cost Price**: - Since B's profit percentage is 20%, we can express this as: \[ \text{Profit} = \text{CP} \times \frac{20}{100} = 0.2 \times \text{CP} \] - The selling price for B is given as ₹1800. Therefore, we can write: \[ \text{SP} = \text{CP} + \text{Profit} \] \[ 1800 = \text{CP} + 0.2 \times \text{CP} \] - This simplifies to: \[ 1800 = 1.2 \times \text{CP} \] - Solving for CP: \[ \text{CP} = \frac{1800}{1.2} = 1500 \] 3. **Calculating B's Profit**: - Now that we have B's CP, we can calculate his profit: \[ \text{Profit}_B = \text{SP} - \text{CP} = 1800 - 1500 = 300 \] 4. **Calculating A's Profit**: - A calculates his profit based on the selling price. Since he has the same profit percentage as B (20%), we can express A's profit as: \[ \text{Profit}_A = \text{SP} \times \frac{20}{100} = 1800 \times 0.2 = 360 \] 5. **Finding the Difference in Profits**: - Now we can find the difference between A's and B's profits: \[ \text{Difference} = \text{Profit}_A - \text{Profit}_B = 360 - 300 = 60 \] ### Final Answer: The difference in their profits is ₹60. ---
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