Question

A shopkeeper purchased 70kg of tomatoes for rs 420 and sold whole lot at rate of rs 6.50 per kg

Answer 1

Profit or Gain = S.P. - C.P.

Profit or Gain Percentage = (Profit or Gain/ C.P.)*100

Here,

C.P. = 420₹ (for 70 Kg of Potatoes)

S.P. = 6.50 * 70 = 455₹

Gain = 455–420 = 35₹

Gain Percentage = (35/420)*100 = 8.33 %

Answer 2

Profit or loss is always calculated on cost price

Here cp=420÷70= rs 6.00 per kg

Sp = 6.50 per kg

profit on rs 6.00=6.50-6.00=0.50

profit % =0.50÷6.00×100=8.33

HOPE IT HELPS ✌