Question 24.
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
Question Explanation
CP of the table at which the shopkeeper procured each table = p
It is given that shopkeeper sold the tables to Amal and Asim at a profit of 20% and at a loss of 20%, respectively
The selling price of the tables = 1.2p and 0.8p to Amal and Asim respectively.
Amal sells his table to Bimal at a profit of 30%
So, CP of the table by Bimal (x)= 1.2p*1.3 = 1.56p
Asim sells his table to Barun at a loss of 30%
So, CP of the table by Barun (y)= 0.7*0.8p = 0.56p
(x-y)/p = (1.56p-0.56p)/p = p/p=1
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