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?

• 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.
• 11 years agoHelpfull: Yes(30) No(0)
• 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.
• 11 years agoHelpfull: Yes(8) No(4)
• second merchant earns more profit that is:1000*10/100=100.
• 11 years agoHelpfull: Yes(1) No(0)
• 2nd merchants gains more profit of Rs 100.
• 11 years agoHelpfull: Yes(1) No(0)
• really cant understad. need some more expalnation
• 9 years agoHelpfull: Yes(1) No(0)
• first merchant get profit of only 90rs.
  and the second gets profit of 100rs.
  so the second one gets high profit
• 11 years agoHelpfull: Yes(0) No(0)
• c.p of first merchant =Rs 909.09
  c.p of second merchant =Rs 900
  so,second merchant made more profit & of Rs 100.
• 11 years agoHelpfull: Yes(0) No(3)
• 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
• 8 years agoHelpfull: Yes(0) No(0)