A seller purchases the green colour of holi from two dealers, 5 kg from a dealer at a rate of 60 rupees per kg and 7 kg from other dealer at a rate of 80 rupees per kg .
If he sells the colour after mixing, then what will be the selling rate for getting a profit of 20% ?
therefore for 1kg=1032/12
so ans is:selling rate rupees 86 per kg
5 kg purchased from a dealer at 60 rupees per kg
Therefore total cost per 5 kg = 60 x 5 = 300
7 kg purchased from another dealer at 80 rupees per kg .
Therefore total cost per 7 kg = 80 x 7 = 560
Therefore total cost for 12 kg = 300 + 560 = 860
Hence cost per kg 860/12 = 71.66
Profit = 20%
Therefore Selling price = Cost price + Cost price x 0.2
= Cost price x 1.2
= 71.66 x 1.2 = 86
Selling a product for 1000 Rs is getting as much profit as if it is a loss on selling it for Rs 700, then what will be the value of that item?
A market trader has 27 watches at the start of the day and after selling some he reduces the price by $5. He sells them all for $475. What was the original price?
What will be the percentage of profit, if a shopkeeper provides a discount of 25% after increasing the price of an object by 50%?