Question

A merchant buys the sugar at Rs 12 per kg, but sells it for Rs 14 per kg.
Find the approximate monthy earnings of the merchant by selling sugar, if he sells 300 kg of sugar each day (on an average).

• A. 10,000
• B. 15,000
• C. 20,000
• D. 25,000

Answer 1

The correct option is C 20,000

Amount of sugar sold in a month = 300 x 30 = 9,000 kg

Amount earned by selling 1 kg of iron = Rs. 14 – Rs.12 = Rs.2
Amount earned by selling 9,000 kg of sugar = 9,000 x 2 = Rs. 18,000 ~ Rs. 20,000