Question

Ramesh bought books for Rs. 300 and sold them for Rs. 360 whereas Krishna bought books for Rs. 500 and he sold them Rs. 590. Who made more profit? how much percentage? give reasons.

Answer 1

$\bold{Hay\:Mate}$

According to the question we know that CP of books brought by Ramesh is 300

And, SP of books brought by Ramesh is 360

we know that formula

Profit = selling price - cost price

Now, putting the above values

profit = 360 - 300 => 60

Now, profit present =
$\frac{60 \times 100}{300}$

= 20%

Then,

CP of books brought by Krishna is 500

And SP of books brought by Krishna is 590

we know that profit = SP - CP

so, profit = 500 - 590 = 90

profit present = $\frac{90\times100}{300}$

= 18%

Reasons - we know that profit of Ramesh is 20% and profit of Krishna is 18%

$\underline{so,\:Ramesh\:made\:more\:profit}$