Question

A wholesaler buys 600 kg of wheat for ₹18,000. If he sells all the wheat for ₹28,800, what is his profit on 1 kg of wheat?

• A. ₹16
• B. ₹10
• C. ₹20
• D. ₹18

Answer 1

The correct option is D ₹18

Cost of 600 kg of wheat = ₹18,000

$\therefore$ Cost price of 1 kg of wheat

= $\frac{18000}{600}$ = ₹30

Selling price of 600 kg of wheat = ₹28,800

$\therefore$ Selling price of 1 kg of wheat

= $\frac{28800}{600}$ = ₹48

Profit = Selling price - Cost price

Profit on 1 kg of wheat

= Selling price of 1kg of wheat - Cost price of 1 kg of wheat

= 48 - 30 = ₹18

$\therefore$ Profit on 1 kg of wheat is ₹18.