Question

A wholesaler sold a rice bag to a shopkeeper at 2% profit and shopkeeper sold it at a 5% profit to customer. If cost price of rice bag is 1500 then how much money did the customer pay?​

Answer 1

cost price of rice bag =1500

profit by wholesaler=2%

profit in rupees=p/100×cp

=2/100×1500=30

Therfore sp=cp+p

=1500+30=1530

Now cp of rice bag by shopkeeper=1530

profit =5%

profit in rupees=5/100×1530

=76.5

now sp of rice bag to the customer=1530+76.5

=1606.5

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