Question

A farmer sold his/her rice at Rs. 2000 per quintal to a merchant. The merchant kept a profit of 40% and sold the rice to a shopkeeper. If the shopkeeper makes a profit of 50% while selling you the rice, then how much money will you pay for 1 Kg of rice? What view can you develop from this question?​

Answer 1

Answer:

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Answer 2

Answer:

Rs.42

Step-by-step explanation:

a farmer sold her/his rice to merchant = Rs.2000 per qunta

$1 \: qunta = 100kg$

then 1 kg of rice is equal to = (2000/100) = Rs.20

merchant cost price is 2000 per qunta.

merchat sold's to shop keeper at 40% profit.

$profit\% = \frac{profit}{costprice} \times 100$

40 = (profit/2000)× 100

(40×2000)/100 = profit

profit = 800

there fore selling price = profit + cost price

selling price = 800 + 2000 = Rs.2800

then merchant sold's rice to a shopkeeper at 2800 per qunta

2800 is cost price of shop keeper.

shop keeper sold's rice to you at 50% profit

profit%=

(profit/

Cost price )×100

50 = (profit /2800)×100

(50×2800)/100 = profit

profit = Rs.1400

SELLING PRICE = Profit + cost price

selling price = 1400+2800 = Rs.4200

you can bought rice at 4200 per qunta

there fore cost 1 kg of rice is (4200/100) = Rs.42

this now situation in India .. farmers solds at low price and bought at high price..

farmers can't got profit..

only shopkeepers and mercahts got profit s.. by (Farmers Hardwork)..