Anil Purchased 50kg vegetable at Rs.450, then sold them at the rate of Rs.7 per kg, find the profit %?20%21%22%22.22%
Question
Anil Purchased 50kg vegetable at Rs.450, then sold them at the rate of Rs.7 per kg, find the profit %?
- 20%
- 21%
- 22%
- 22.22%
Solution
First, let's calculate the cost price per kg of the vegetables that Anil purchased.
He bought 50 kg for Rs. 450, so the cost price per kg is 450/50 = Rs. 9 per kg.
Next, we know that he sold the vegetables at Rs. 7 per kg.
To find the profit or loss, we subtract the cost price from the selling price. In this case, we get 7 - 9 = -2.
Since the result is negative, this means that Anil actually made a loss, not a profit.
To find the percentage loss, we divide the loss by the cost price and multiply by 100. So, the percentage loss is (-2/9)*100 = -22.22%.
So, Anil made a loss of 22.22%, not a profit.
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