A shopkeeper sells two tables, each procured at cost price p, to Amal and Asim at a profit of 20% and at a loss of 20%, respectively. Amal sells his table to Bimal at a profit of 30%, while Asim sells his table to Barun at a loss of 30%. If the amounts paid by Bimal and Barun are x and y, respectively, then (x − y) / p equals
Correct Answer :
1
Solution :
Let the cost price of each table be .
Amal buys the first table from the shopkeeper at a 20% profit for the shopkeeper, so Amal's cost price is:
Amal sells this table to Bimal at a 30% profit. The amount paid by Bimal is :
Asim buys the second table from the shopkeeper at a 20% loss for the shopkeeper, so Asim's cost price is:
Asim sells this table to Barun at a 30% loss. The amount paid by Barun is :
Now we compute the value of the required expression:
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