Question

ramesh bought books for Rs. 300 and sold them for Rs. 360 whereas Krishna bought books for Rs. 500 and sold them for Rs. 590. Who made more profit? How much percentage? Give reasons

Answer 1

CP FOR books bought by Ramesh=300

SP=360

Profit=CP-SP=360-300=60

So, profit%=60x100/300=20%

NOW,

CP at which krishna bought books=500

SP for books=590

Profit= CP-SP= 590-500=90

Profit%=90x100/500

=90/5=18%

SO, RAMESH MADE MORE PROFIT

Answer 2

For Ramesh,

Cost price of books= Rs 300

Selling price of books= Rs 360

Therefore,

Profit on the books= Rs 60

Profit percentage

={(60/300)×100}

=20

For Krishna,

Cost price of books= Rs 500

Selling price of books= Rs 590

Therefore,

Profit on books= Rs 90

Profit percentage ={(90/500)×100}

=18

Therefore, Ramesh made more profit.