Question

Mangal 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?

Answer 1

Hint: Find total amount of cost price and selling price and then compare which is greater. If S.P. > C.P., it is a profitable transaction. If S.P < C.P., it is a loss transaction

Complete step-by-step answer:
Given that,
Mangal bought trousers for Rs.400 and a shirt for Rs.200
So total cost price (C.P.) = \[400 + 200 = 600\]
But she sold them for Rs.448 and Rs.250 respectively.
So total selling price (S.P.) = \[448 + 250 = 698\]
Now we know that if S.P> C.P. then the transaction is definitely profitable.
The profit= S.P. –C.P.= \[698 - 600 = 98\]

Additional information:
The price at which the product is bought is called cost price.
It is denoted by C.P.
The price at which the product I sold is called the selling price.
It is denoted by S.P.
If S.P. > C.P., it is a profitable transaction.
Profit is given by S.P.-C.P.
If S.P < C.P., it is a loss transaction.
Loss is given by C.P.-S.P.

Note: Find the total cost price and total selling price. It will help us to find whether the transaction is profitable or lost.
Here in question itself you will come to know that it is a profitable deal because she purchased the items on low price but sold them at greater price.