Question

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

Answer 1

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 2

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.