(I) There is 19 % profit on an investment of one lakh fifteen thousand sixty nine rupee (II) There

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26 May 2011 profit

(I) There is 19 % profit on an investment of one lakh fifteen thousand sixty nine rupee
(II) There is 18 % profit on an investment of one lakh eighteen thousand forty eight rupee only. Which one is greater out of these two profits.

OPtion

1) I
2) II
3) Both are equal
4) Insufficient Data
5) None of these

Solution

115069 * 0.19 = 21863.11
118048 * 0.18 = 21248.64

Correct Option: 1 Best Solution (0)