Amit and Sumit each bought a house in a housing society. The cost of each house was Rs.18,00,000. After a while they both sold their houses. Amit got Rs.20,00,000 for his house and Sumit got Rs.19,80,000 for his house. Who made a better sale?
Answers
Answered by
1
Answer:
Amit - Rs.20,00,000
Step-by-step explanation:
Amit got better sale than Sumit by Rs.20,00,000-Rs.19,80,000= By Rs. 20,000
Answered by
2
Answer:
Amit has made a better sale than Sumit.
Step-by-step explanation:
Profit = Selling price - Cost price
i) The Cost price of Amit's is Rs.18,00,000
The Selling price of Amit's house is Rs.20,00,000
So profit gained by Amit is Rs.20,00,000 - Rs.18,00,000 = Rs.2,00,000
ii) The Cost price of Sumit's is Rs.18,00,000
The Selling price of Sumit's house is Rs.19,80,000
So, profit gained by Amit is Rs.19,80,000 - Rs.18,00,000 = Rs.1,80,000
As, Profit Gained by Amit is greater than Profit Gained by Sumit
Therefore, Amit has made a better sale than Sumith
Thank you
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