Farhan buys 200 kg of onions at 312 per kg. 10% of the onions are spoiled. Find the selling
price per kg if he wants to earn 40% profit on the cost price.
Answers
Step-by-step explanation:
200 kg of onions at 312 per kg. 10% of the onions are spoiled. Find the selling
price per kg if he wants to earn 40% profit on the cost price.
Answer:
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Step-by-step explanation:
Farhan buys 200 kg of onions at Rs.12 per kg. 10% of the onions are spoiled. Find the sellingprice per kg if he wants to earn 40% profit on the cost price.
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Given
Farhan bought 200kg onions at Rs 12 per kg
1 kg = Rs 12
200 kg = 200 x 12 = Rs 2400 .
Cost price = 2400
Given
10% onions were spoiled -
200 x 10/100 = 20
200 - 20 = 180 kg
Given
Profit % = 40%
Finding selling price
selling price = cost price + profit %
2400 + 2400 x 40%
2400 + 2400 x 0.4
2400 + 960
3360. .
Finding selling price per kg
180 kg = 3360
1 kg = 3360 ÷ 180 = 18.66
Selling price per kg = Rs 18.66