A trader mixes 2 kg of butter which costs $8 per kg with 3 kg of butter which costs $6 per kg. He sells the mixture at $2.55 per 250g. Express his profit as a percentage of his selling price.
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Answers
Answered by
87
Solution :-
Total cost of 2 kg butter @ $ 8 per kg = 8*2
= $ 16
Total cost of 3 kg butter @ $ 6 per kg = 6*3
= $ 18
Total cost of 5 kg butter = $ 16 + $ 18
= $ 34
Selling price = $ 2.55 per 250 g
Selling price of per kg = $ 2.55*4
= $ 10.2/kg
Selling price of 5 kg = 10.2*5
= $ 51
Profit = $ 51 - $ 34
= $ 17
Percentage on cost price = ($ 17*100)/$34
= 50 %
Percentage on selling price = ($ 17*100)/$51
= 33.33 %
Answer.
Total cost of 2 kg butter @ $ 8 per kg = 8*2
= $ 16
Total cost of 3 kg butter @ $ 6 per kg = 6*3
= $ 18
Total cost of 5 kg butter = $ 16 + $ 18
= $ 34
Selling price = $ 2.55 per 250 g
Selling price of per kg = $ 2.55*4
= $ 10.2/kg
Selling price of 5 kg = 10.2*5
= $ 51
Profit = $ 51 - $ 34
= $ 17
Percentage on cost price = ($ 17*100)/$34
= 50 %
Percentage on selling price = ($ 17*100)/$51
= 33.33 %
Answer.
Answered by
8
Answer:
Hope this helps you understand the solution
Step-by-step explanation:
Solution :-
Firstly we find the total cost of the 5kg mixture:
Total cost of 2 kg butter @ $ 8 per kg = 8x2
= $ 16
Total cost of 3 kg butter @ $ 6 per kg = 6x3
= $ 18
Total cost of 5 kg butter = $ 16 + $ 18
= $ 34
Then we calculate the selling price of the 5kg of butter:
Selling price = $ 2.55 per 250 g
Selling price of per kg = $ 2.55x4
= $ 10.2/kg
Selling price of 5 kg = 10.2*5
= $ 51
Now we can calculate the profit:
Profit = $ 51 - $ 34
= $ 17
Percentage on cost price = ($ 17x100)/$34
= 50 %
Percentage on selling price = ($ 17x100)/$51
= 33.33 %
Thus the % profit is 33.33 or 33 1/3
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