A shopkeeper bought 20 kg of tea at 60 per kg. He sold 5 kg at 72 per ka. 8 kg at 70 per kg and rest at ? 55 per kg. Find his loss or profit per cent per cent
Answers
Answer: 20 kg = 20×60 = Rs 1200. Now, 5kg at Rs 72 per kg, 5×72 = Rs 360. 8×70 = Rs 560.
Step-by-step explanation:
Cost of 1 kg tea = Rs. 60
Cost of 20 kg tea = Rs. 60 × 20
Cost Price C.P. = Rs. 1,200
He now sold 5 kg tea at Rs. 72 per kg
= Rs. 72 × 5
= Rs. 360
Then he sells 8 kg of tea at Rs. 70 per kg
= Rs. 70 × 8
= Rs. 560
Then he sells the remaining [ 20 - (5+8) ] at Rs. 55 per kg
= Rs. 55 × 7
= Rs. 385
Selling Price S.P. = Rs. 360 + Rs. 560 + Rs. 385
= 1,305
•°• He had some gain (If S.P. > C.P. it is gain / profit)
Profit = S.P. - C.P.
= Rs. 1,305 - 1,200
= Rs. 105
Profit % = (Profit / C.P.) × 100 %
= (Rs. 105 / Rs. 1,200) × 100 %
= 105/12 %
= 8.75 %
•°• Profit % = 8.75%