Question

ро
6. A grain merchant sold 600 quintals of rice at a profit of 7%. If a quintal of rice cost him Rs 250
and his total overhead charges for transportation, etc. were Rs 1000 find his total profit and
the selling price of 600 quintals of rice.​

Answer 1

Answer:

Hello ☺✌

Thanks for question !

CP of 1 quintal rice = Rs 250

CP of 600 quintal rice = 250 × 600

= Rs 1,50,000

Now,extra money spent = 1000

Total CP = 150000 + 1000

=Rs 151000

Profit % = 7

Profit = 7/100 × 151000= Rs 10,570

SP = 151000 + 10570

= Ra 1,61,570

Hope it helps☺!