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Question
A bought a tape recorder for Rs 8,000 and sold it to B. B in turn sold it to C, each earning a profit of 20%. Which of the following is true?
Options
A and B earn the same profit.
A earns more profit than B.
A earns less profit than B.
Cannot be decided.
Solution
A earns less profit than B.
Explanation:
Cost price of tape recorder for A = Rs. 8000
Cost price of tape recorder for B = 20% profit on cost price for A
= `20/100 xx 8000 + 8000`
= 20 × 80 + 8000
= 1600 + 8000
= Rs. 9600
Cost price of tape recorder for C = 20% profit on cost price for B
= `20/100 xx 9600 + 9600`
= 1929 + 9600
= Rs. 11520
Here, Profit for A = Rs. 1600
Profit for B = Rs. 1920
So, A earns less profit than B.
Hence, A earns less profit than B.
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