Comparison between two profits when C.P and loss are given (WP-21: Profit and Loss)

Q. Which profit is better?

(i) C.P = Rs. 20, S.P = Rs. 23    (ii) C.P = Rs. 25, S.P = Rs. 28

Solution: 

Formula for profit percent

(i) C.P = Rs. 20, S.P = Rs. 23

Solution: 

Profit percent = `frac {Rs. 28 - Rs. 20}{Rs. 20}times 100`

Profit percent = `frac {Rs. 8}{Rs. 20}times 100`

Profit percent = 40% -----------Ans.1

 

(ii) C.P = Rs. 25, S.P = Rs. 28

Profit percent = `frac {Rs. 28 - Rs. 25}{Rs. 25}times 100`

Profit percent = `frac {Rs. 3}{Rs. 25}times 100` 

Profit percent = 12% -----------Ans.2

Thus, the profit of option (i) is better.

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