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
Step-by-step explanation:
lucy buy 7kg nuts for 10rs
and she is selling them for 75p each bag which contains 350grams of nuts
now we have to find number of bags=7000grams (7kg converted into grams)÷350grams=20bags
now we have to find the profit= 20×75p=15rs
profit=10-15=5
profit percentage=profit/cp×100
= 5/10×100=50%of profit
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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