Question

A man purchased a bag of rice containing 70 kg for rs. 175.He sold it at the rate of rs 2.75 per kg.Then the profit or loss in % is?

Answer 1

CP :- 175/70 = 2.5/kg
SP:-2.75/Kg

%profit= (2.75-2.5)/2.5×100
= 10/kg

Answer 2

Answer:

Step-by-step explanation:

CP = ₹ 175 of 70 kg.

SP = ₹ 2.75 of 1 kg.

1 kg rice sold = ₹ 2.75

70 kg rice sold = ₹ (?)

275/100 ×70 =192.5

SP = 192.5

Profit = SP - CP

= 192.5 - 175

= 17.5

₹ 175 = 100 %

₹ 17.5 = (?)

Profit % = 100 × 17.5 / 175

100 × 175 / 175 × 10

Profit % = 10 %