Question

A trader purchase 70 kg of the rate of €200/ kg and another 30 kg at the rate of €250/kg .he pays a sales tax of 4% on the transaction .he mixes both of them and sells the product at the rate of € 240/ kg.what is the percentage gain or loss? (Find approximately value ) what is the answer

Answer 1

This is ur answer. Hope u understood

Answer 2

Trader gets a profit of 11.6 %

Step-by-step explanation:

Given:-

70 kg purchased at €200/kg.

30 kg purchased at €250/kg.

Sell rate = €240/kg

To find:- approximate percentage gain or loss.

Solution:-

Cost price of 70 kg at €200/kg = 70 $\times$ 200 = 14000

Cost price of 70 kg at €200/kg = €14000             -----------(1)

Cost price of 30 kg at €250/kg =30 $\times$ 250 = 7500

Cost price of 30 kg at €250/kg = €7500              ------------(2)

Total cost price of 70 kg and 30 kg = 14000+7500   -------(from 1 and 2)

Total cost price of 70 kg and 30 kg (CP) = €21500          -------(3)

Now,

Selling price = (70+30) $\times$ selling rate

Selling price = 100 $\times$ 240                         ----------------------(given)

Selling price = €24000                        -------------------(4)

Now,

Profit percentage = $\frac{Selling\ price-Cost\ price}{Cost\ price}$

$\therefore$ Profit percentage = $\frac{24000-21500}{21500} \times 100$

$\therefore$ Profit percentage = $\frac{2500}{21500} \times 100$

$\therefore$ Profit percentage = 0.116 $\times$ 100

$\therefore$ Profit percentage =  11.6 %

Therefore the trader gets a profit of 11.6 %