a shopkeeper bought 100 kg rice for 5500 rupees and sold it for 68.5 per kg find profit or loss
Answers
Answer:
A profit of Rs. 1350
Step-by-step explanation:
SP = 68.5 / Kg and amount of rice bought is 100 Kg.
Therefore, Total SP will be 68.5 × 100 = Rs. 6850
CP = Rs. 5500 ( as given )
Since SP > CP, Its a profit by,
Rs. 6850 - Rs. 5500 = Rs. 1350
Given : A shopkeeper bought 100kg of rice for rupees 5500 and sold it for rupees 68.5 per kg.
To Find : Amount gained or lost in the transaction
Solution:
shopkeeper bought 100kg of rice for rupees 5500
=> Cost price = Rs 5500
sold it for rupees 68.5 per kg.
Sold = 100 kg
Selling Price = 100 * 68.5
=> Selling Price = 6850 Rs
SP > CP
=> GAIN
Gain = SP - CP
= 6850 - 5500
= 1350
Amount gained in the transaction is Rs 1350
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