Question

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

Answer 1

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 %

Answer 2

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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