Question

A grain dealer purchased 50 kg of grain for `2000 . He sold 1kg of
grain for `43 . What is his overall profit or loss percent.

Answer 1

Answer:

Profit = 7.5%

Step-by-step explanation:

Hope it will help you

Answer 2

The cost price of 50 kg of grain = ₹ 2000 and

the selling price of grain(SP) = ₹ 43 per kg

To find, the profit or loss percent = ?

∵ The cost price of 50 kg of grain = ₹ 2000

∴ The cost price of 1 kg of grain(CP) =

$₹ \dfrac{2000}{50} = ₹40$

SP > CP, Profit

Profit = SP - CP

∴ Profit = ₹ 43 - ₹ 40 = ₹ 3

∴ Profit Percent(%) =

$\dfrac{Profit}{CP} \times 100$

$=\dfrac{3}{40} \times100$

$=\dfrac{30}{4} =7.5$

∴ Profit (%) = 7.5%

Hence, the profit percent of grain is 7.5 percent(%).