Q1) Ramesh made a profit of ₹ 4500 after investing ₹ 80000. Salim made a profit of ₹ 8100 after investing ₹ 144000 in his business. Which of them has a better profit ratio with respect to their investments?
Ratio of profit to investment for Ramesh = 4500 : 80000 = 45 : 800 = 9 : 160
Ratio of profit to investment for Salim = 8100 : 144000 = 81 : 1440 = 9 : 160
So both of them got equal profit ratio
Ratio of profit to investment for Salim = 8100 : 144000 = 81 : 1440 = 9 : 160
So both of them got equal profit ratio