Question

ramesh bought rice at rato of 22 per kg he paid 1500 at the rate of 0.5 per kg for its transportation he sold all rice for rs 72000. How much profit did the earn

Answer 1

Answer:First of all you should find quantity of rice

Step-by-step explanation:

Since at rate of 0.5/kg it took rs 1500

Therefore quantity of rice is

1500/0.5=3000kg

Now total cost of rice at 22rupees/kg=3000*22=66000rupees.

Total cost=cost of rice +transportation

=66000+1500=67500rupees

Profit=selling price-cost price

=72000-67500=4500

Profit percent=4500/67500. *100

=4500/675 = 6.67%(approx)

Hope it will help you

Answer 2

The profit he earned is 6000 Rs

Given:

Ramesh bought rice at 22 Rs per 1 kg of rice

For transportation he paid 1500 at rate of 0.5 per kg

The selling price of rice = 72000 Rs

To find:

The profit that he earned

Solution:

First calculate the quantity of rice

Let x be total quantity of rice

The transportation bill = 0.5 Rs per kg  

Then total transportation bill = 0.5x  

From given data he paid 1500 Rs for its transportation

⇒ 1500 = 0.5x

⇒ x = 1500/0.5 = 3000kg

The total quantity of rice = 3000kg

If he bought 22 Rs per kg

⇒ Rate of 3000 kg rice = 3000kg × 22 = 66000 Rs

Cost price of the all rice = 66000 Rs

Selling price of the rice = 72000 Rs

⇒ profit he gained = Selling price - Cost price

= 72000 Rs - 66000 Rs = 6000 Rs

The profit he earned = 6000 Rs

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