a person buyed 25 kg rice rupees 6 per kg . then again he buyed rice 37kg for 7rupees per kg . then he mixed the rice and sell it for rupees 6.75 per kg. is he gain profit or loss. please tell me in process.
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Answer:
profit=418.5-409
=9.5
Step-by-step explanation:
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Answered by
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Answer:
Gain of ₹9.50
Step-by-step explanation:
Cost of 25kg rice (@ ₹6/kg) = ₹6(25) = ₹150
Cost of 37kg rice (@ ₹7/kg) = ₹7(37) = ₹259
Total cost of rice (CP) = ₹150 + ₹259 = ₹409
Total quantity of rice = 25 + 37 kg = 62kg
Selling rate of rice = ₹6.75/kg
Total money he earned by selling the rice (SP) = ₹6.75(62) = ₹418.50
Since SP > CP. the person earns a Profit.
Profit = SP - CP = ₹418.50 - ₹409 = ₹9.50
Hope it is clear
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