A grain merchant sold 600 quintals of rice at a profit of 7 %. If a qu

1.	A grain merchant sold 600 quintals of rice at a profit of 7 %. If a quintal of rice costs him Rs. 1600, Then find his total profit of merchant.1. Rs. 77,202. Rs. 57,2003. Rs. 62,2004. Rs. 67,200
Answer» Correct Answer - Option 4 : Rs. 67,200 Given A grain merchant sold 600 quintals of rice At a profit of 7 % A quintal of rice costs him Rs. 1600 Concept Profit% = (Profit/Cost Price) × 100 Profit percent on one kilogram is always equal to profit percent on whole. Calculation Cost price of one quintal = Rs. 1600 ⇒ Profit = (7% × 1600) ⇒ Profit = (7/100) × 1600 ⇒ Profit = Rs. 112 ⇒ Profit on one quintal rice = Rs. 112 ⇒ Profit on 600 quintal rice = 112 × 600 ⇒ Profit on 600 quintal rice = 67200 ∴ Total profit of merchant = Rs. 67,200

A grain merchant sold 600 quintals of rice at a profit of 7 %. If a quintal of rice costs him Rs. 1600, Then find his total profit of merchant.1. Rs. 77,202. Rs. 57,2003. Rs. 62,2004. Rs. 67,200

Answer» Correct Answer - Option 4 : Rs. 67,200

Given

A grain merchant sold 600 quintals of rice

At a profit of 7 %

A quintal of rice costs him Rs. 1600

Concept

Profit% = (Profit/Cost Price) × 100

Profit percent on one kilogram is always equal to profit percent on whole.

Calculation

Cost price of one quintal = Rs. 1600

⇒ Profit = (7% × 1600)

⇒ Profit = (7/100) × 1600

⇒ Profit = Rs. 112

⇒ Profit on one quintal rice = Rs. 112

⇒ Profit on 600 quintal rice = 112 × 600

⇒ Profit on 600 quintal rice = 67200

∴ Total profit of merchant = Rs. 67,200

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