EMP Q.11

0. One merchant correctly calculates his percentage profit on the cost price; another wrongly calculates it on the selling price. The difference in actual profits if both claim to make 17 .5 % profit on goods sold at Rs.3760 is

Answer
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Option : A
Explanation :
CP of the merchant who calculates his % profit on CP = (3760/1.175) =Rs.3200
His profit = 0.175 x 3760 = Rs.560
Profit of the merchant who calculates his % profit on SP = 0.175 x 3760 = Rs.658
Difference in profit = 658 - 560 =Rs.98.

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