Question

Ram and Shyam buy a car and sell it to make a profit. Ram bought a car at 2.5 million and sold it at 3.3 million and Shyam bought a car at 2.3 million and sold it at 3.5 million. Who makes more profit?

• A. Ram
• B. Shyam
• C. Both have same profit
• D. Insufficient Data

Answer 1

The correct option is B

Shyam

Total profit of Ram= Selling price of the car - Cost price of the car = 2.5million – 3.3 million = 0.8 million

Total profit of Shyam= Selling price of the car - Cost price of the car = 2.3 million – 3.5 million = 1.2 million

So, profit of Shyam is greater than the profit of Ram.