Question

A grain merchant sold 600 quintals of rice at a profit of 7%. If a quintal of rice cost him Rs 250
and his total overhead charges for transportation, etc. were Rs 1000 find his total profit and
the selling price of 600 quintals of rice.​

Answer 1

$\fontsize{18}{10}{\textup{\textbf{Cost price = Rs. 151000 and Profit is Rs. 10570.}}}$

Step-by-step explanation:  

Cost of 1 quintal of rice = Rs. 250.

And, total overhead charges = Rs. 1000.

So, the total cost price of 600 quintal of rice is

$C=250\times600+1000=150000+1000=151000.$

Since there was a profit of 7%, so the amount of profit is given by

$P=7\%\times C=\dfrac{7}{100}\times151000=7\times1510=10570.$

Therefore, the total SELLING PRICE of the rice is

$S=C+P=151000+10570=161570.$

Thus, the required cost price is Rs. 151000 and the total profit is Rs. 10570.

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Question : A grain merchants sold 600 quintals of rice at a profit of 7% if a quintal of rice cost him rupees 250 and is total overhead charges for transportation etc. were rupees 1000 find his total profit and the selling price of 600 kg of rice.

Link : https://brainly.in/question/3090623.

Answer 2

Answer:

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