Question

A shopkeeper purchased 17 quintals of potatoes at the rate of Rs. 720 per quintal. He paid Rs. 140 as cartage charges and Rs.120 as labour charges for moving potatoes to his godown. If he sells the potatoes at the rate of Rs. 8.50 per kg then calculate profit or loss percent.

Answer 1

The purchased price of potatoes =$720\times 17=Rs.12240$
Added expenses $=140+120=Rs.260$
$\therefore$ The real purchase price
$=Rs.12240+Rs.260=Rs.12500$
Selling price of potatoes
$=8.50\times 17\times 100=Rs.14450$ (Since $1$ Quintal = $100$ kg)
$\therefore$ Profit =Selling price -Cost price
$=Rs.(14450-12500)=Rs.1950$
$ProfitPercent=\frac{Profit}{C.P}\times 100$
$=\frac{1950}{12500}\times 100$
$=15\frac{2}{3}=15.66\%$