Question

A shop owner sold 60 kilograms of wheat and the profit from the sale was equal to the
selling price of 15 kilograms of wheat. What was his profit percentage?

Answer 1

Answer:

33.33%

Step-by-step explanation:

lets suppose the selling price is x for one kg.

For 60 kg it would be 60x

profit for 60kg is equal to selling price of 15 kg

hence profit is 15x

Cost price of 60 kg is equal to

selling price of 60 kg - profit = 60x -15x= 45x

Hence profit percentage is equal to

(profit/cost price) × 100= (15x/45x) × 100 = 100/3 = 33.33%

Answer 2

Step-by-step explanation:

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