A man Bought an article for ₹25 and sold it for ₹40. Another man bought an article for ₹50 and sold it for ₹65. What rate of profit is greater and by what per cent
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Answered by
5
first man bought article for ₹25
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Answered by
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Profit for Man 1=SP-CP=40-25=15
His Profit%=Profit/CP*100=15/25*100=60%
Profit for Man 2=SP-CP=65-50=15
His Profit%=15/50*100=30%
Therefore, Man 1's Profit is greater by 60-30=30%
His Profit%=Profit/CP*100=15/25*100=60%
Profit for Man 2=SP-CP=65-50=15
His Profit%=15/50*100=30%
Therefore, Man 1's Profit is greater by 60-30=30%
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