A trader purchased a bag of rice containing 70 kg for 1750.he sold it at the rste of 27.5 per kg.find the profit or loss percentage
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Quantity of a bag of rice= 70 kg
CP of 70 Kg rice bag = Rs 1750
CP of 1 Kg rice = Rs 1750 / 70
= Rs 25
SP of 1 Kg rice = Rs 27.5
Therefore, profit % = [ (27.5 - 25) x 100] / 25
= (2.5 x 100) / 25
= 250 / 25
= 10 %
CP of 70 Kg rice bag = Rs 1750
CP of 1 Kg rice = Rs 1750 / 70
= Rs 25
SP of 1 Kg rice = Rs 27.5
Therefore, profit % = [ (27.5 - 25) x 100] / 25
= (2.5 x 100) / 25
= 250 / 25
= 10 %
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