7. A merchant sold 70 kg of pulses at the rate of Rs 45 per kg and gained a profit of 15%. What was the
total cost price of 70 kg of pulses?
Answers
Given : A merchant sold 70 kg of pulses at the rate of Rs 45 per kg and gained a profit of 15%.
To Find : What was the total cost price of 70 kg of pulses
Solution:
let say cost price per kg = C rs
Profit = 15 %
profit = (15/100)C = 0.15C
SP = CP + Profit
=> SP per kg = C + 0.15C = 1.15C Rs
1.15C = 45
=> C = 45/1.15
=> C = 4500/115
total cost price of 70 kg of pulses = 70 C
= 70 * 4500/115
= 2,739.13
total cost price of 70 kg of pulses = 2,739.13 Rs
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A merchant sold 70 kg of pulses at the rate of Rs 45 per kg and gained a profit of 15%. What was the total cost price of 70 kg of pulses?