Question

A shopkeeper buys old newspapers at the rate of ₹6 per kg. Later, he sells it for ₹9 per kg. How much profit does he make by selling 125 kg of old newspapers?

Answer 1

Solution:

Profit made on 1 kg of newspaper
= Selling Price- Buying Price
= ₹9 - ₹6 = ₹3

Profit earned from 125 kg of newspaper
= Profit made on 1 kg of old newspaper×125
= ₹3 × 125= ₹375