Question

Ramrao bought a cupboard for Rs. 4500 and sold it for Rs.4950. Shamrao bought a sewing machine for Rs. 3500 and sold it for Rs. 3920. Whose transaction was more profitable?

Answer 1

a) Cupboard:-

$cp=4500$

$sp=4950$

Profit $\%=\frac{4950-4500}{4500}\times 100$

$=10\%$

b) Sewing machine:-

$cp=3500$

$sp=3920$ Rs.

Profit $\%=\frac{3920-3500}{3500}\times 100$

$=12\%$

Sewing machine was more profitable.