A grocer purchased 150kg rice at rupees 25 per kg .He sells 70kg at a profit of 5percent. At what profit percent should he sell the remaining 80kg so as to make a profit of 15 percent? Please solve step by step
Answers
Answer:
23.75% OR 23 3/4% Ans.
Step-by-step explanation:
Cost Price of 150Kg Rice at Rupees 25 per Kg=150 X 25=Rupees 3750
Grocer wants to make overall profit 15%=15% of 3750
Overall Profit=3750 X 15/100=56250/100=562.50 Rupees
Cost Price of 70Kg Rice at Rupees 25 per Kg=70 X 25=Rupees 1750
Grocer is earning 5% profit on70kg rice=5% of 1750
Profit on 70Kg rice=1750 X 5/100=8750/100=87.50 Rupees
Overall profit on 150kg rice ,he wants to earn Rupees 562.50
He earns profit in 70kg rice=Rupees 87.50
So,Remaining Profit required on 80kg rice=562.50-87.50=Rupees 475
Cost Price of remainig 80Kg Rice at Rupees 25 per Kg=80 X 25=Rupees 2000
Profit wants to earn Rupees 475
Profit%=(Profit/CP)X 100=(475/2000) X 100=47500/2000=23.75% OR 23 3/4% Ans.
Answer:
23.75% or 23 3/4 %
Step-by-step explanation
CP of 150Kg Rice at Rupees 25 per Kg=150 X 25=Rupees 3750
Grocer wants to make overall profit 15%=15% of 3750
Overall Profit=3750 X 15/100=56250/100=562.50 Rupees
CP of 70Kg Rice at Rupees 25 per Kg=70 X 25=Rupees 1750
Grocer is earning 5% profit on70kg rice=5% of 1750
Profit on 70Kg rice=1750 X 5/100=8750/100=87.50 Rupees
Overall profit on 150kg rice ,he wants to earn Rupees 562.50
He earns profit in 70kg rice=Rupees 87.50
So,Remaining Profit required on 80kg rice=562.50-87.50=Rupees 475
CP of remainig 80Kg Rice at Rupees 25 per Kg=80 X 25=Rupees 2000
Profit wants to earn Rupees 475
Profit%=(Profit/CP)X 100=(475/2000) X 100=47500/2000=23.75% OR 23 3/4% Ans.