Ruksana had bought 20 kiwis at * 30 each.
Two of them she sold at 30 each. Two got
spoiled. She sold the remaining at 40 each.
Find the profit per cent.
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Given:
Price at which 20 kiwis were bought = 30 each
Two kiwis were sold for = 30 each
Two of them got spoiled.
Rest were sold at 40 each.
To find:
The profit percent.
Solution:
Cost price of 20 kiwis = 20*30 = 600
Selling price of first two kiwis = 30*2 = 60
Since two got spoiled, they will not contribute in selling price.
Selling price of rest of the kiwis = 16*40 = 640
Total selling price = 640 + 60 = 700
Profit = Selling price - cost price = 700 - 600 = 100
Profit percent = 100/600 * 100 = 16.67%
Therefore the profit percentage is 16.67%.
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