Question

a dealer bought a scooter for RS 20,500 and sold it for RS 25,000
another dealer bought a scooter for RS 22,000 and sold it for RS 28,800 who made a better buy?

Answer 1

First dealer

Cost of scooter: Rs 20500

Selling price of scooter: Rs 25000

Second dealer

Cost of scooter: Rs 22000

Selling price of scooter: Rs 28800

To find out who made a better buy, calculate the profit earned by subtracting the cost from the selling price of the scooter.

First dealer

Rs 25000 - Rs 20500 = Rs 4500

Second dealer

Rs 28800 - Rs 22000 = Rs 6800

The dealer with the more profit earned made a better buy. Therefore, the second dealer made a better buy.

Answer 2

Step-by-step explanation:

Given:

• First dealer bought scooter for Rs 20,500
• Second declare bought scooter for Rs 22,000
• First dealer sold scooter for Rs 25,000
• Second dealer bought scooter for Rs 28,800

To Find:

• Which dealer among them made a better buy?

Solution: First dealer case

• Cost Price = Rs 20,500
• Selling Price = Rs 25,000

On comparing C.P and S.P

→ S.P > C.P ( Hence, There is profit )

★ Profit = S.P – C.P ★

$\small\implies{\sf }$ Profit = Rs (25,000 – 20,500)

$\small\implies{\sf }$ Profit = Rs 4500

• Second Dealer case •

• Cost Price = Rs 22,000
• Selling Price = Rs 28,800

On comparing C.P and S.P

→ S.P > C.P ( Hence, There is profit )

★ Profit = S.P – C.P ★

$\small\implies{\sf }$ Profit = Rs ( 28,800 – 22,000)

$\small\implies{\sf }$ Profit = Rs 6800

Hence, We can clearly say that second dealer has made a better profit.