XERCISE 9.3 1. A man bought 20 kg of rice at the rate of 15 per kg. He spent * 25 on transport. He sold the entire amount of rice at 350. Find his profit or loss percent.
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Answer:
7.7
Step-by-step explanation:
Original CP = CP of the rice + Overhead Expenses
(20×15)+25 = 300 + 25 = 325
As SP>CP it is a profit
Profit= SP - CP = 350-325 = 25
Profit% = Profit/CP ×100 = 25/325 × 100 = 100/13 = 7.7
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