A shopkeeper procures 150kg of grains at the rate of Rs 18 per kg . He sells it at a profit of 5%. Find selling price of the grain per kg
Answers
✮ A shopkeeper procures 150kg of grains at the rate of Rs 18 per kg . He sells it at a profit of 5%. Find selling price of the grain per kg...??
⠀⠀⠀⠀ ⠀ ⠀⠀ ⠀⠀⠀
✮ The cost of 1 kg grains = Rs. 18
✮ The profit on it = 5%
⠀⠀⠀⠀ ⠀ ⠀⠀ ⠀⠀⠀
✰✰ The selling price of the grains per Kg with profit...
⠀⠀⠀⠀ ⠀ ⠀⠀ ⠀⠀⠀
First we have to find the cost of 150kg grains...
⠀⠀---➣ 150 × 18
⠀⠀---➣ 2,700
⠀⠀⠀⠀ ⠀ ⠀⠀ ⠀⠀⠀
We know that...
⠀⠀---➣ SP = ( 100 + Profit % ) × total price
⠀⠀---➣ SP = ( 100 + 5/100 ) × 2,700
⠀ ⠀---➣ SP = 102 × 27
⠀ ⠀---➣ SP = 2,835
⠀⠀⠀⠀ ⠀ ⠀⠀ ⠀⠀⠀
Now...
- Profit = SP - CP
- Profit = 2,835 - 2700
⠀ ⠀⠀⠀
Answer:
First we have to find the cost of 150kg grains...
⠀⠀---➣ 150 × 18
⠀⠀---➣ 2,700
⠀⠀⠀⠀ ⠀ ⠀⠀ ⠀⠀⠀
We know that...
⠀⠀---➣ SP = ( 100 + Profit % ) × total price
⠀⠀---➣ SP = ( 100 + 5/100 ) × 2,700
⠀ ⠀---➣ SP = 102 × 27
⠀ ⠀---➣ SP = 2,835
⠀⠀⠀⠀ ⠀ ⠀⠀ ⠀⠀⠀
Now...
Profit = SP - CP
Profit = 2,835 - 2700
\boxed{\sf{\red{\:Profit\:=\:135}}}
Profit=135