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?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 14 Percent.
Q's CP = 280 × (125/100) = 350
R's CP = 560 × (100/140) = 400
Q's profit = 400 - 350 = 50
Profit percentage for Q = (50/350) × 100 ≈ 14%