Question

If Kaustubh buys 96 kg sugar at Rs 17 per kg and sells it at Rs 18.50 per kg, how much profit will he make?

Answer 1

Cost price of 1 kg sugar = Rs 17
∴ Cost price of 96 kg sugar = Rs 17 × 96 = Rs 1632

Selling price of 1 kg sugar = Rs 18.50
∴ Selling price of 96 kg sugar = Rs 18.50 × 96 = Rs 1776

Here, the selling price is greater than cost price.
So, he makes a profit.
Profit = Selling price – Cost price = Rs 1776 – Rs 1632 = Rs 144