Latest TCS Aptitude Question SOLUTION: Two merchants sell an article each for Rs.1000.one of them computes profit as a % of cost price, while the second calculates it incorrectly as a % of selling price. If both of them

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Two merchants sell an article each for Rs.1000.one of them computes profit as a % of cost price, while the second calculates it incorrectly as a % of selling price. If both of them claim to have made a profit of 10%, who made more profit and by what amount?

Asked In TCS dipali (11 years ago)

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Pravin  (11 years ago)

first merchant get profit of 10% from cp=> (cp*110/100)=1000 => cp=Rs.909
so first merchant get profit of Rs.91.
second merchant get profit of 10% from sp=> profit=1000*10/100 =Rs.100
so the profit of second merchant is high and it is more than first merchant by 9Rs.

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veja karavadra  (11 years ago)

first merchants profit is 10% so cp=900 and profit=100 so, profit for rs.1000 is 111.11 now second merchant profit 10% so sp=1000 profit 100 so first merchant made more profit,Rs.11.11 rather then second merchant.

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Amit Gupta  (11 years ago)

second merchant earns more profit that is:1000*10/100=100.

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Avinash Aryan  (11 years ago)

2nd merchants gains more profit of Rs 100.

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rohini  (9 years ago)

really cant understad. need some more expalnation

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jaffreyhudson  (11 years ago)

first merchant get profit of only 90rs.
and the second gets profit of 100rs.
so the second one gets high profit

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Suman Saurabh  (11 years ago)

c.p of first merchant =Rs 909.09
c.p of second merchant =Rs 900
so,second merchant made more profit & of Rs 100.

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RASHMI KUMARI  (8 years ago)

generally we calculate profit in context of c.p. for that in first case profit is 10%. i.e. c.p=s.p*100/(100+profit)=1000*100/110=10000/11
now,profit(for first case)=10%of 10000/11=91(approx)
In second case,profit=10%of s.p=10*1000/100=100

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