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.
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Answered by
39
Solution↴
Given Cost of 1 quintal of rice = Rs. 250
Cost of 600 quintals of rice = 600 x 250 = Rs. 150000
Overhead expenses = Rs. 1000
CP = Rs. (150000 + 1000) = Rs. 151000
Profit % = (Profit/CP) x 100
7 = (Profit /151000) x 100
Profit = 1510 x 7
Profit = Rs. 10570
Now SP = CP + profit
= Rs. (151000 + 10570)
SP = Rs. 161570
Answered by
3
Step-by-step explanation:
Given Cost of 1 quintal of rice = Rs. 250
Cost of 600 quintals of rice = 600 x 250 = Rs. 150000
Overhead expenses = Rs. 1000
CP = Rs. (150000 + 1000) = Rs. 151000
Profit % = (Profit/CP) x 100
7 = (Profit /151000) x 100
Profit = 1510 x 7
Profit = Rs. 10570
Now SP = CP + profit
= Rs. (151000 + 10570)
SP = Rs. 161570
it is your answer
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