P buys an article for Rs. 280 and sells it to Q at a profit of 25%. Q sells it to R at some profit. R sells it to S for Rs. 560 making a profit of 40%. What percentage profit (rounded off to the nearest integer) did Q make?
- A32 Percent
- B20 Percent
- C26 Percent
- D14 Percent
Solution & Step-by-step Explanation
Step 1: Find the Cost Price for Q (Selling Price of P)
Cost Price for P=Rs. 280
Profit percentage of P=25%
Selling Price of P=280×(1+
100
25
)=280×
4
5
=Rs. 350
Thus, Cost Price for Q=Rs. 350.
Step 2: Find the Cost Price for R (Selling Price of Q)
Selling Price of R to S=Rs. 560
Profit percentage of R=40%
Cost Price for R=
1+
100
40
Selling Price
=
1.4
560
=Rs. 400
Thus, Selling Price for Q=Rs. 400.
Step 3: Calculate the profit percentage made by Q
Cost Price for Q=Rs. 350
Selling Price for Q=Rs. 400
Profit of Q=400−350=Rs. 50
Profit percentage of Q=
350
50
×100=
7
1
×100≈14.28%≈14%
Cost Price for P=Rs. 280
Profit percentage of P=25%
Selling Price of P=280×(1+
100
25
)=280×
4
5
=Rs. 350
Thus, Cost Price for Q=Rs. 350.
Step 2: Find the Cost Price for R (Selling Price of Q)
Selling Price of R to S=Rs. 560
Profit percentage of R=40%
Cost Price for R=
1+
100
40
Selling Price
=
1.4
560
=Rs. 400
Thus, Selling Price for Q=Rs. 400.
Step 3: Calculate the profit percentage made by Q
Cost Price for Q=Rs. 350
Selling Price for Q=Rs. 400
Profit of Q=400−350=Rs. 50
Profit percentage of Q=
350
50
×100=
7
1
×100≈14.28%≈14%