Question Details

Sneha marks up an article 40% above the cost price and allows a discount of 10% on marked price. If Sneha made a profit of Rs. 364, then find the difference between both profits when he sold the same article at 25% profit?

Options

A

16

B

14

C

18

D

20

Show Answer

Correct Answer :

Option B

14

14

Solution :

The correct answer is 14.

Let the Cost Price (CP) of the article be 100x.

According to the problem, the article is marked up by 40% above the Cost Price.
Marked Price (MP) = CP + 40% of CP
MP=100x+40x=140x

Next, a discount of 10% is allowed on the Marked Price.
Discount = 10% of MP
Discount=0.10×140x=14x

Selling Price (SP) = MP - Discount
SP=140x-14x=126x

The initial profit made is given as Rs. 364.
Initial Profit = SP - CP
126x-100x=26x
We are given:
26x=364
x=36426=14

Therefore, the Cost Price of the article is:
CP=100×14=1400

Now, we need to find the profit if the article is sold at a 25% profit.
New Profit = 25% of CP
New Profit=25100×1400=350
So, the new profit is Rs. 350.

Finally, we calculate the difference between both profits:
Difference = Initial Profit - New Profit
Difference=364-350=14

Thus, the difference between both profits is Rs. 14.

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