Question

Ram bought 55 kg onions for ₹400.He sold it at ₹10 per kg.What was his profit or loss% ?

Answer 1

Answer:

Ram has obtained a profit of 37.5%.

Step-by-step explanation:

Ram bought 55 kgs of onions for Rs. 400.

If he sold it at 10 Rs. per kg, then 10 Rs x 55 kgs = 550 Rs.

Since he sold it for a higher price than be bought it, he earned a profit of 150 Rs.

However, to find the profit percentage, a simple proportion can be set up.

Rs. 400 - 100%

Rs. 550 -  x

⇒ 550 x 100 divided by 400

⇒ $\frac{55000}{400}$

⇒ $\frac{550}{4}$

⇒ 137.5 %

To find his profit percentage, we have to subtract 100 from the value we have obtained above.

137.5 - 100 = 37.5.

Therefore, Ram has obtained a profit of 37.5%.