A trader bought 180 kiwis at Sh 6 each. He sold them in piles of 5 at Sh 33 per pile. What percentage profit did the trader make?
Question
A trader bought 180 kiwis at Sh 6 each. He sold them in piles of 5 at Sh 33 per pile. What percentage profit did the trader make?
Solution
Sure, here is the step by step solution:
Step 1: Calculate the total cost price. The trader bought 180 kiwis at Sh 6 each. So, the total cost price = 180 kiwis * Sh 6/kiwi = Sh 1080.
Step 2: Calculate the total selling price. He sold them in piles of 5 at Sh 33 per pile. So, the total number of piles = 180 kiwis / 5 kiwis/pile = 36 piles. Therefore, the total selling price = 36 piles * Sh 33/pile = Sh 1188.
Step 3: Calculate the profit. The profit = total selling price - total cost price = Sh 1188 - Sh 1080 = Sh 108.
Step 4: Calculate the percentage profit. The percentage profit = (profit / total cost price) * 100% = (Sh 108 / Sh 1080) * 100% = 10%.
So, the trader made a 10% profit.
Similar Questions
A man sold two articles for Rs.800 each.On selling first, he gains 20% and on the other 30%.What is the profit percent in the transaction?24%24.8%25%None of these
A trader buys 800 kgs of tomatoes for Rs 7200. 10% tomatoes are damaged in transportation. At what rate (Rs/Kg) should he sell the rest to earn 30% profit?
A shopkeeper has 1000 kg of pepper. A part of this, he sells at 12% profit and 25% profit. Overall, he gains 18%. How many Kgs did he sell at 20% profit?
A shopkeeper sold one-third of his articles at 5% profit. At what profit percent should he sell the remaining articles so that his overall gain is 15%A10%B20%C25%D30%
Choose the correct answer.After selling 1 dozen bananas, Akul earns a profit equal to the cost price of 4 bananas. Find profit made by Akul.66236623%14271427%12121212%33133313%
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.