Answer
Verified
477.9k+ views
Hint: More percentage of profit means the transaction is more profitable. We have to consider in which case the percentage of profit is more. That will be the more profitable item.
Complete step-by-step answer:
For the trouser cost price = Rs. 400 and selling price = Rs. 448
We know that profit = selling price – cost price.
So amount of profit = \[\text{Rs}\text{. (}448-400)=\text{ Rs}\text{. }48\]
We know that percentage of profit = \[\dfrac{profit}{\text{cost price}}\times 100\]
So, percentage of profit for trouser = \[\dfrac{48}{\text{400}}\times 100\]=\[12%\]
Now, for the shirt cost price = Rs. 200 and selling price = Rs. 225
So, amount of profit = \[\text{Rs}\text{. (}225-200)=\text{ Rs}\text{. }25\]
So, percentage of profit for shirt = \[\dfrac{25}{\text{200}}\times 100\] = \[12.5%\]
We can clearly see that the percentage of profit for shirts is more than the trouser as 12.5% is greater than 12%. So, Maganlal earned more profit for shirts than trousers.
Therefore, according to the question the transaction for the shirt was more profitable.
Note: Though the amount of profit is more for the trouser than the shirt but percentage of profit is more important than amount of profit in a business. Therefore, we have to ignore the value of the amount of profit and concentrate on the percentage of profit here. Therefore, the shirt is the more profitable one.
Complete step-by-step answer:
For the trouser cost price = Rs. 400 and selling price = Rs. 448
We know that profit = selling price – cost price.
So amount of profit = \[\text{Rs}\text{. (}448-400)=\text{ Rs}\text{. }48\]
We know that percentage of profit = \[\dfrac{profit}{\text{cost price}}\times 100\]
So, percentage of profit for trouser = \[\dfrac{48}{\text{400}}\times 100\]=\[12%\]
Now, for the shirt cost price = Rs. 200 and selling price = Rs. 225
So, amount of profit = \[\text{Rs}\text{. (}225-200)=\text{ Rs}\text{. }25\]
So, percentage of profit for shirt = \[\dfrac{25}{\text{200}}\times 100\] = \[12.5%\]
We can clearly see that the percentage of profit for shirts is more than the trouser as 12.5% is greater than 12%. So, Maganlal earned more profit for shirts than trousers.
Therefore, according to the question the transaction for the shirt was more profitable.
Note: Though the amount of profit is more for the trouser than the shirt but percentage of profit is more important than amount of profit in a business. Therefore, we have to ignore the value of the amount of profit and concentrate on the percentage of profit here. Therefore, the shirt is the more profitable one.
Recently Updated Pages
How many sigma and pi bonds are present in HCequiv class 11 chemistry CBSE
Mark and label the given geoinformation on the outline class 11 social science CBSE
When people say No pun intended what does that mea class 8 english CBSE
Name the states which share their boundary with Indias class 9 social science CBSE
Give an account of the Northern Plains of India class 9 social science CBSE
Change the following sentences into negative and interrogative class 10 english CBSE
Trending doubts
Fill the blanks with the suitable prepositions 1 The class 9 english CBSE
The Equation xxx + 2 is Satisfied when x is Equal to Class 10 Maths
In Indian rupees 1 trillion is equal to how many c class 8 maths CBSE
Which are the Top 10 Largest Countries of the World?
How do you graph the function fx 4x class 9 maths CBSE
Give 10 examples for herbs , shrubs , climbers , creepers
Difference Between Plant Cell and Animal Cell
Difference between Prokaryotic cell and Eukaryotic class 11 biology CBSE
Why is there a time difference of about 5 hours between class 10 social science CBSE