Question

Mr. Agarwal purchased 200 quintals of course rice at Rs 350 a quintals. He spent Rs 2500 for transportation. He sold the rice at 4.00 per kg. What was his profit or loss ?Also calculate it as a percentage ​

Answer 1

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$\large \tt \red{✦Answer✦}$

Profit = 10500 percent = 15. 10%

Step-by-step explanation:

I think he bought rice at 335 a quintal (to get fair profit)

Also 1 quintal equals 100kg

While buying,

For 1Q ---> 335

For 200Q --->?

(335/1)×200 = 67000 ₹ (Buying price)

While selling.

For 1kg ---> 4

For 1Q = 100kg --->?

(4/1)×100 = 400

So, for 1Q ---> 400

For 200Q --->?

(400/1)×200 = 80000 ₹ (selling price)

So profit = SP - BP - Transportation cost = 80000 - 67000 - 2500 = 10500 ₹

Aso, since he takes his profit based on his investment,

Investment = BP + Transportation costs = 67000 + 2500 = 69500 ₹ which is his 100%

So, for 69500 ---> 100%

For 10500 (profit) ---> ?

(100/69500) × 10500 = 15.10 %

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Answer 2

Answer✦

Profit = 10500 percent = 15. 10%

Step-by-step explanation:

I think he bought rice at 335 a quintal (to get fair profit)

Also 1 quintal equals 100kg

While buying,

For 1Q ---> 335

For 200Q --->?

(335/1)×200 = 67000 ₹ (Buying price)

While selling.

For 1kg ---> 4

For 1Q = 100kg --->?

(4/1)×100 = 400

So, for 1Q ---> 400

For 200Q --->?

(400/1)×200 = 80000 ₹ (selling price)

So profit = SP - BP - Transportation cost = 80000 - 67000 - 2500 = 10500 ₹

Aso, since he takes his profit based on his investment,

Investment = BP + Transportation costs = 67000 + 2500 = 69500 ₹ which is his 100%

So, for 69500 ---> 100%

For 10500 (profit) ---> ?

(100/69500) × 10500 = 15.10 %

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