Athos bought a crate of apricots for $17.60. There were 11kg of apricots in the crate. He sold the apricots in his shop in 1 kg bags for $2.85 each:
A- How much did one kg of apricots cost him?
B- What was his profit per kilogram?
C- Find his profit as a percentage of his cost price
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Answers
Given :-
Cost of a crate of apricots =$17.60
Quantity of apricots in the crate =11 kg
Cost of one apricot :-
Thus, the cost of one apricot = $ 1.6
Therefore, price of one kg of apricot = $1.6
Cost of 11 kg of apricots = $17.6
Cost of 1 kg of apricot :-
Selling price of one kg of apricot in Athos's shop=$2.85
We know that :-
Profit = SP - CP
Which means, profit made by Athos by selling each kg of apricot:-
Thus, the profit Athos got by selling per kg of apricot=$1.25
We know that :-
Percentage of profit Athos gained by selling each kg of apricot :-
Thus, percentage of profit Athos makes by selling each kg of apricot =78.12%
Therefore, profit he makes by selling each kg of apricot =$1.25 and percentage of profit gained by selling each kg of apricot =78.12%
Cost price of one kg of apricot = $1.6
Selling price of one kg of apricot = $2.85
Profit made by selling each kg of apricot =$1.25
Which means, profit made by selling 11 kg of apricot :-
Thus, profit made by selling 11 kg of apricots=$13.75
His profit as a percentage of his cost price :-
Let x be profit as a ercentage of his cost price.
Which means :-
His profit as a percentage of his cost price :-
Thus,his profit as a percentage of his cost price =78.12%
Therefore, the total profit Athos made as a percentage of his cost price =78.12% .