Q12: APPSC Prelims 2024 Aptitude (Group-I): Previous Year Question with Answer

(Directions for questions 12-15) : Nandu and Mohan decided to sell their Apple 6 Series watches each at Rs.42,000 to Karthik and Ganesh respectively. In each case the selling price of Rs.42,000 was arrived at by increasing the cost price by 25%. While Nandu gives a discount of 10% on the first Rs.12,000, 8% on the next Rs.16,000 and 5% on the rest to the buyer Karthik, Mohan gives a discount of 8% on the first Rs.16,000, 7% on the next Rs.8,000 and 5% on the rest to his buyer Ganesh. These discounts were however subject to the condition, that the buyers make the payment on time, failing which the discount gets reduced by 1% for every delay of a week. If Nandu and Mohan got all the payments on time, what is the approximate percentage of profit of the person getting the higher profit ?