A fruit seller purchased 60 oranges at rate of 12for ₹10 he sold them at the rate of 10 for ₹12 what is his profit
Answers
Answer:
the fruit seller has a profit of 22rs in total
Step-by-step explanation:
he bought 60 oranges at 50rs and sold them at 72rs
Given :-
A fruit seller purchased 60 oranges at rate of 12 for ₹ 10 he sold them at the rate of 10 for ₹ 12.
To find :-
The Profit of the fruit seller .
Solution :-
Given that
Total number of fruits are purchased by the fruit seller = 60
The cost price of 12 fruits = ₹ 10
The cost price of 1 fruit = 10/12 = ₹ 5/6
The cost price of 60 fruits
= 60×(5/6)
= (60×5)/6
= 10×5
= ₹ 50
The selling price of 10 fruits = ₹ 12
The selling price of 1 fruit = 12/10 = ₹ 6/5
The selling price of 60 fruits
= 60×(6/5)
= (60×6)/5
= 12×6
= ₹ 72
We have ,
The cost price of 60 fruits = ₹ 50
The selling price of 60 fruits = ₹ 72
Selling Price > Cost Price
=> Profit occurs
We know that
Profit = Selling Price - Cost Price
=> Profit = 72-50 = 22
Therefore, Profit = ₹ 22
Answer :-
The profit of the fruit seller = ₹ 22
Used formulae:-
• Profit = Selling Price - Cost Price