A retailer buys 150kg of pepper at 400rupees a kg and sells it at a profit of60 rupees a kg.
what is the total amount spent in buying?
what is the total amount got?
what is the total profit?
what is the profit percent
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Answer:
Assumption: Let the weight of pepper be X, price of pepper per kg = Y, profit per kg = P
To find: Total amount spent in buying (TS), Total amount got (TA), Total Profit (TP), Profit Percent (PP)
Given:
X = 150kg
Y = Rs. 400
P = Rs. 60/kg
Therefore, TS = 150*400 = Rs. 60,000
Total amount spent in buying = Rs. 60,000
TA = 150 * (400+60) = Rs. 69,000
Total Amount Got = Rs. 69,000
TP = 69,000 - 60,000 = Rs. 9,000
Total Profit = Rs. 9,000
PP = 150*100/9000 = 1.66%
Profit Percent = 1.66%
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