Saved Bookmarks
| 1. |
Mr. Agarwal purchased 200 quintals of course rice at Rs 350 a quintals. He spent Rs 2500 for transportation. He sold the rice at 4.00 per kg. What was his profit or loss ?Also calculate it as a percentage |
|
Answer» ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━PROFIT = 10500 PERCENT = 15. 10%Step-by-step explanation:I think he bought rice at 335 a quintal (to get fair profit) Also 1 quintal equals 100kgWhile buying, For 1Q ---> 335For 200Q --->? (335/1)×200 = 67000 ₹ (Buying price) While selling. For 1kg ---> 4For 1Q = 100KG --->? (4/1)×100 = 400So, for 1Q ---> 400For 200Q --->? (400/1)×200 = 80000 ₹ (selling price) So profit = SP - BP - Transportation cost = 80000 - 67000 - 2500 = 10500 ₹Aso, since he takes his profit based on his investment, Investment = BP + Transportation COSTS = 67000 + 2500 = 69500 ₹ which is his 100%So, for 69500 ---> 100%For 10500 (profit) ---> ? (100/69500) × 10500 = 15.10 %━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ |
|