Ramrao bought trousers for Rs. 400, and a shirt for Rs. 200 and sold them for
Rs. 448 and Rs. 250 respectively. Which of these transactions was more
profitable?
Answers
Answer:
Step-by-step explanation:
trouser:
bought for 400
sold for 448
Rs 48 profit.
percentage of profit:
48/400*100
=12% profit
Shirt:
bought for 200
sold for 250
Rs 50 profit
percentage of profit:
50/200 *100
=25% profit
25% is greater than 12%
so the transaction of the shirt is more profitable
Step-by-step explanation:
The price in which he sold them was more profitable. As in the price he bought them was the cost price and the price in which he sold was the selling price. And when the Cost Price is greater than Selling Price it is loss, and when Selling Price is greater than Cost Price it is profit. And if you know it is profit, to find the amount of profit you need to subtract Cost Price from Selling Price.
trousers - 448 - 400 = 48 The profit of Trousers
Shirt 250-200 = 50 The Profit of Shirt