Asked by Sagar
A dealer bought 5 quintals of rice for Rs.19 per kg paid Rs.500 on transportation.if he had sold the rice at the rate of Rs.20.50 per kg,find his profit?
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Answered by
Easy
1 quintals =48.95 Kg
Therefore, 5 quintals =244.75 kg
for 1 kg dealer paid 19 Rs.
for 244.75 kg dealer paid 19*244.75= 4650.25 RS
Dealer paid 500 for transportation so this is also a cost that includes with 4650.25 +500 Rs
which is 5150.25 Rs
Dealer sold 20.50 per kg
so for 244.75 kg he sold 20.50*244.75=5017.375 Rs
Profit = Cost-Sells
=5017.375-5150.25
=-132.875
which means the dealer did not make any profit. Other word the dealer lost 132.875 Rs in this business.
Therefore, 5 quintals =244.75 kg
for 1 kg dealer paid 19 Rs.
for 244.75 kg dealer paid 19*244.75= 4650.25 RS
Dealer paid 500 for transportation so this is also a cost that includes with 4650.25 +500 Rs
which is 5150.25 Rs
Dealer sold 20.50 per kg
so for 244.75 kg he sold 20.50*244.75=5017.375 Rs
Profit = Cost-Sells
=5017.375-5150.25
=-132.875
which means the dealer did not make any profit. Other word the dealer lost 132.875 Rs in this business.
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