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 = Rs. 400 per quintal

Selling rate = Rs. 4.50 per kilogram

To find,

The percentage of total loss or profit.

Solution,

First of all, we have to calculate the total price of the purchased rice.

Total cost = 150×400 = Rs. 60000

Now,

We have to convert the total amount of rice into kilogram units.

Total rice = 150 quintals = 15000 kilograms

(Term of unit conversion is 1 quintal = 100 kilograms.)

Total selling price = 15000 × 4.50 = Rs. 67500

Now, the SP is greater than CP, so it's a profitable deal.

Amount of profit = 67500 - 60000 = Rs. 7500

Percentage of profit = 100 × 7500/60000 = 12.5%

Hence, the percentage of profit is 12.5%

Answer 2

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Given,

Total rice = 150 quintals

Purchasing rate = Rs. 400 per quintal

Selling rate = Rs. 4.50 per kilogram

To find,

The percentage of total loss or profit.

Solution,

First of all, we have to calculate the total price of the purchased rice.

Total cost = 150×400 = Rs. 60000

Now,

We have to convert the total amount of rice into kilogram units.

Total rice = 150 quintals = 15000 kilograms

(Term of unit conversion is 1 quintal = 100 kilograms.)

Total selling price = 15000 × 4.50 = Rs. 67500

Now, the SP is greater than CP, so it's a profitable deal.

Amount of profit = 67500 - 60000 = Rs. 7500

Percentage of profit = 100 × 7500/60000 = 12.5%

Hence, the percentage of profit is 12.5%