A milk vendor bought 12 litre of milk at rs 10 per litre and another 15 litre at rs 10 50 per litre.He sold all the rs 27 litres for rs 300 .Did he incur loss or make profit ? How much did he gain or loss ?
Answers
If a milk vendor buys milk, 12litrs for rs. 10 per litre & 15 litres for rs. 10.50 per litre and sells entire milk at rs. 300 then he makes a profit of 8.10%.
Step-by-step explanation:
The selling price of all the 27 litres of milk = Rs. 300
The cost price of 12 litres of milk at the rate of Rs. 10.50 per litre = 12 * 10 = Rs. 120
And,
The cost price of 15 litres of milk at the rate of Rs. 10.5 per litre = 15 * 10.50 = Rs. 157.5
∴ The cost price of (15+12=) 27 litres of milk = Rs. 120 + Rs. 157.5 = Rs. 277.5
Since the cost price of 27 litres of milk is less than its selling price, therefore the milk vendor makes a profit.
Thus,
The milk vendor makes a gain of,
= [(S.P. – C.P.)/C.P.] * 100
= [(300-277.5)/277.5] * 100
= [22.5 / 277.5] * 100
= 8.10%
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Answer:
Ishika Chowdhary isgkf