A dealer bought a scooter for RS 20,500 and sold it for RS 25,000 another dealer bought a scooter for RS 22,000 and sold it for
RS 28,800 who made a better buy?
1 answer:
Answer:
Dealer 2
Step-by-step explanation:
Dealer 1
Purchase price = 20500
Sales price = 25000
Profit :
((25000 - 20500) / 20500) * 100%
= 21.95%
Dealer 2 :
Purchase price = 22000
Sales price = 28800
((28800 - 22000) / 22000) * 100%
= 30.90%
The better buy is for dealer 2 has he made a higher percentage profit
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