Question:
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
- 0.7
- 1
- 1.2
- 0.50
Correct Answer: Option: 2
Cost of table for Aman = 1.2p
Cost of table for Asim = 0.8p
Aman sells to Bimal at 1.3×1.2p=1.56p =cost of table for Bimal = x
Asim sells table to Barun at 0.7×0.8p = 0.56p = cost of table for Barun = y
Therefore, $\frac{x-y}{p}=\frac{1.56p-0.56p}{p}=1$
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