An oil refinery purchases unrefined oil at rupees 22 per litre and the refining cost is 45% of cost of refined oil find the profit percent if they sell refined oil at 54 rupees per litre.
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Step-by-step explanation:
Cost of unrefined OIL = Rs.22/L
S.P of refined OIL = Rs.54
refining cost = 45% of 54
= 45/100 X 54
= Rs. 24.3
Manufacturing Cost of refined oil = 22 + 24.3 = Rs. 46.3
Profit Earned = S.P - Manufacturing Price
= 54 - 46.3
= Rs. 7.7
Profit % = Profit / Manufacturing Price X 100
= 7.7 / 46.3 X 100
= 16.63 % approx
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