Question

a merchant purchase a bag of 100 kg sugar for rupees 1575. He paid rupees 25 as cartage to bring the bag to his shop. If he sells the sugar in retail at rate of rupees 16.80per kg how much percentage of profit does he make​

Answer 1

Answer:

The profit made by him is 5%

Step-by-step explanation:

Given, cost price (CP) of 100 kg of sugar = 1575

Also, 25 rupees was spent for transportation, so we will have to add this to CP.

Therefore, total CP = 1575 + 25 = 1600

Now, CP of 100 kg is 1600, so CP of 1 kg = $\frac{1600}{100}$ = 16

Therefore, total CP (of 1 kg)= 16 rupees

Now, selling price, SP (of 1 kg) = 16.80

Therefore, Profit = SP - CP = 16.80 - 16.00 = 0.8

Now, Profit % = $\frac{Profit}{CP}$ x 100

= $\frac{0.8}{16}$ x 100 = 5%