Question

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​Ramaya bought pens for rupees 200 and he sold them for rupees 240 whereas somayya bought pens for rupees 500 and he sold them for rupees 575.Who made more profit?

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Answer 1

Answer:

⇒ Cost Price of Ramaya's pen = ₹ 200

⇒ Selling Price of Ramaya's pen = ₹ 240

∴ Profit earned by her = 240-200 = ₹ 40

⇒ Cost Price of Somayya's pen = ₹ 500

⇒ Selling Price of Somayya's pen = ₹ 575

∴ Profit earned by Somayya = 575-500 = ₹ 75

Hence, Somayya earned more profit.

Step-by-step explanation:

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Answer 2

Answer:

Ramaya earns more profit percent than soumaya.

Step-by-step explanation:

$\red{ \underline{Question:-}}$

Ramaya bought pens for rupees 200 and he sold them for rupees 240 whereas somayya bought pens for rupees 500 and he sold them for rupees 575.Who made more profit?

$\red{ \underline{Solution:-}}$

To find the profit we compare selling price to the cost price

$\bigstar \boxed{profit = selling \: price - \: cost \: price}$

Ramaya's profit = 240 - 200 = 40

Somayya's profit = 575 - 500 = 75

Ramaya made a profit of 40 when he invested an amount of 200 where as soumayya made a profit of 75 when he invested an amount of 500.

$\bold{Thus}$

$\bold{Ramaya's \: ratio \: of \: profit \: and \: cost \: \frac{40}{200}}$

$\bold{soumya's \: ratio \: of \: profit \: and \: cost \: \frac{75}{100}}$

To compare profit cost of ratios we convert them into percentages

Thus,Ramaya's profit percentage

$= \frac{40}{100} \times100$

$= 20 \%$

Soumyya's profit percentage

$= \frac{70}{500} \times \: 100 \%$

$= 15 \%$

Thus,Ramaya earns more profit percent than soumaya.