Question

20. Mr Agarwal purchased 200 quintals of coarse rice at ₹350 a quintal. He spent ₹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 1

Answer:

14.28% profit

Step-by-step explanation:

CP of 1 quintal = ₹350

Total CP = ₹350 × 200 = ₹70000

1 quintal = 100 kg

200 quintal = 200×100 kg = 20000 kg

SP of 1 kg = ₹4

Total SP = ₹4×20000 = ₹80000

SP > CP,

Profit = SP - CP = ₹80000 - ₹70000 = ₹10000

Profit % = 10000/70000 × 100 = 14.28%

Answer 2

14.28% profit is the right answer

hope it helps you