A Person 'A' Bought A Cycle For RS 2000 And Sold It For RS 2500, Whereas Person 'B' Bought It For RS 4000 And Sold It For RS 4500. Who Made More Profit?

Given:  A Person 'A' Bought A Cycle For RS 2000 And Sold It For RS 2500

Person 'B' Bought It For RS 4000 And Sold It For RS 4500

To do: Find who made more profit.

Solution:

A

Cost price, CP of cycle = Rs 2000; Selling price, SP of cycle = Rs 2500

Profit = SP $-$ CP = 2500 $-$ 2000 = Rs 500

B

Cost price, CP of cycle = Rs 4000; Selling price, SP of cycle = Rs 4500

Profit = SP $-$ CP = 4500 $-$ 4000 = Rs 500

Both A and B made the same profit. None made more profit than the other.

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Updated on: 10-Oct-2022

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