a grocer about 3 quintal rice at the rate of rupees 2200 per kg due to tough competition in the market he sold rupees 21 pedKG to find his profit or loss percentage
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Answer: 1.86 %
Step-by-step explanation:
Grocer bought 3 quintal rice = 1 quintal = 100 Kg
3 quintal rice = 300 Kg rice
Cost of 300 Kg or 3 quintal rice = Rs 2200 .
CP = 2200 Rs .
Selling Price of 1 Kg rice = 21 Rs
Selling Price of 300 Kg rice = 21 * 300
= 6300 Rs
There Fore ,
Profit of Rs 4100
Profit % = Profit * 100 / C.P
= 4100 * 100 / 2200
= 41 / 22
= 1.86 %
Hope this helps
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