lucy buys 7kg of nuts to sell she pays £10 for the nuts lucy puts all the nuts into a bag she puts 350 g of nuts into each bag she then sells each bag of nuts for 75p lucy sells all the bags of nuts workout the percentage profit
Answers
lucy kept 350g of nuts in each bag and sold for 75paise
first we have to find how many bags are their= 7000(7kg converted into grams) ÷350=20bags
now we have find how much money she got by selling bags= (1 bag is equal to 75 p) so 20×75 p
=15 rs= profit=15 minus 10=5
now we have to find profit percentage = formula of profit percentage is profit by cp × 100
=now we have to find the profit percentage=5 by10 × 100=50 %
Given : lucy buys 7kg of nuts to sell she pays £10 for the nuts lucy puts all the nuts into a bag she puts 350 g of nuts into each bag she then sells each bag of nuts for 75p
To find : the percentage profit
Solution:
lucy buys 7kg of nuts = 7000 g ( as 1 kg = 1000 g)
she pays £10
Cost Price = £10
she puts 350 g of nuts into each bag
Number of bags = 7000/350 = 20
sells each bag of nuts for 75p
=> 20 Bags sold for = 20 * 75 = 1500 p
= 1500/100 = 15 £ ( as 1 £ = 100 p )
Selling Price = £10
Profit = Selling Price - Cost Price
= 15 - 10
= 5
Profit % = ( Profit /Cost price) * 100
=> Profit % = (5/10) * 100
=> Profit % = 50 %
percentage profit = 50 %
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