Question

200 kg of sugar was purchased at the rate of Rs. 15 per kg and sold at a profit of 5%. Compute the selling price of sugar per kg. *

Answer 1

Answer:

Therefore, the total amount of money spent on sugar = 15*200 = 3000 rupees. It is also given that the profit when he sells this sugar is 5%. Therefore, he sells all the sugar for: 150 + 3000 = 3150 rupees. Therefore, he sells each kg for: 3150/200 = 15.75 rupees.