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
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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