Correct Answer - Option 2 : 50%
Given:
Bags A and B were sold at a profit of 25% and 20% respectively.
The cost price of B is the same as selling price of A.
Formula used:
Profit or Gain = Selling price – Cost Price
Loss = Cost Price – Selling Price
Profit percentage = (Profit / Cost Price) × 100
Loss percentage = (Loss / Cost price) × 100
Calculation:
Let cost price of B be Rs. 1000 then selling price of A will be 1000.
Profit |
25% |
20% |
|
CP |
SP |
A |
1000/1.25 |
1000 |
B |
1000 |
1200 |
⇒ CP of A = 1000/1.25 = 800
Now,
If A is sold at selling price of B,
CP of A = 800
SP of A = 1200
Profit % = {(1200 - 800)/800} × 100% = 50%
∴ Profit % is 50%