Question

Mr gupta purchased 150 quintals of coarse rice at rs 400 a quintal .he spent rs 5000 on transportation .he sold the rice at rs 4.50 per kg.what is profit or loss percentage?​

Answer 1

Given :-

Total Rice :- 150 quintals

Purchasing rate - 400 per quintals

To find :- Percentage of total profit or loss

First of all we have to calculate the total price of purchased rate :-

Total cost - 150*400= 60000

Now ,

We have to convert total amount of rice into kilogram units:-

Total Rice = 150 quintals = 15000 kg

Term of unit conversion of 1 quintal is 100 kilograms

Total selling price :- 15000*4.50 = 67 500

Now , Sp is greater than Cp so it's a profitable deal

Amount of profit = 67500 - 60000= 7500

Percentage of profit :- 100*7500/60000 = 12.5 %

Hence , Profit percentage is 12.5 %