Comparing Quantities Test

Result

Comparing Quantities Test - 3

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Weekly Quiz Competition

Question 1
1 / -0

A bought a tape recorder of Rs. 8000 and sold it to B. B, in turn, sold it to C, each earning a profit of 20%. Which of the following is true

A
A and B earn the same profit

B
A earns more profit than B

C
A earns less profit than B

D
Cannot be decided

Solution

Cost Price of A = Rs. 8000

Profit = 20% of 8000

= Rs. 1600

Selling Price of A = Rs. 8000 + 1600 = Rs. 9600

Cost Price of B = Selling Price of A = Rs. 9600

Profit for B = 20% of 9600

= Rs. 1920

Selling Price of B = Rs. 9600 + Rs. 1920 = Rs. 11520

We can see that B earns more profit than A.

Hence, C is the correct answer.