A fruit seller buys 50 boxes of mangoes, each containing 100 mangoes, at the rate of ₹1200 per box. He sells each mango for ₹20. Find his total profit and profit percentage
Answers
Answer: 66.67%
Step-by-step explanation:
each box costs ₹1200
so 100 mangoes cost ₹1200
so 1 mango cost ₹12
Total mangoes he bought = 50x100=5000
Total he paid = 50x1200=₹60,000
He is selling each mango for ₹20
so total 5000 mangoes he is selling for 5000x20=₹1,00,000
So his profit = 1,00,000-60,000 = 40,000
Profit percentage = (profit/cost price) x 100
=(40,000/60,000)x100=66.67
Answer:
66.67
Step-by-step explanation:
each box costs ₹1200
so 100 mangoes cost ₹1200
so 1 mango cost ₹12
Total mangoes he bought = 50x100=5000
Total he paid = 50x1200=₹60,000
He is selling each mango for ₹20
so total 5000 mangoes he is selling for 5000x20=₹1,00,000
So his profit = 1,00,000-60,000 = 40,000
Profit percentage = (profit/cost price) x 100
=(40,000/60,000)x100=66.67