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Rahul bought 20kg of rice at rupees 30 per kg and 40 kg of rice at 35 rupees per kg. Now he sold the entire lot at 45 rupees per kg. Find the amount of loss and profit made by rahul.
- a)650
- b)700
- c)750
- d)800
- e)None of these
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
Rahul bought 20kg of rice at rupees 30 per kg and 40 kg of rice at 35 ...
total cost price = 20*30 + 40*35 = 2000
total selling price = 45*60 = 2700
profit made = 700
total selling price = 45*60 = 2700
profit made = 700
Most Upvoted Answer
Rahul bought 20kg of rice at rupees 30 per kg and 40 kg of rice at 35 ...
total cost price = 20*30 + 40*35 = 2000
total selling price = 45*60 = 2700
profit made = 700
total selling price = 45*60 = 2700
profit made = 700
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Community Answer
Rahul bought 20kg of rice at rupees 30 per kg and 40 kg of rice at 35 ...
To find the amount of loss or profit made by Rahul, we need to determine the cost price and selling price of the rice.
Cost Price:
Rahul bought 20 kg of rice at Rs 30 per kg, so the cost price of this rice is 20 kg * Rs 30/kg = Rs 600.
Similarly, he bought 40 kg of rice at Rs 35 per kg, so the cost price of this rice is 40 kg * Rs 35/kg = Rs 1400.
Total cost price = Rs 600 + Rs 1400 = Rs 2000.
Selling Price:
Rahul sold the entire lot at Rs 45 per kg. Since he bought a total of 20 kg + 40 kg = 60 kg of rice, the selling price of the entire lot is 60 kg * Rs 45/kg = Rs 2700.
Profit or Loss:
To calculate the profit or loss, we need to find the difference between the selling price and the cost price.
Profit/Loss = Selling Price - Cost Price
= Rs 2700 - Rs 2000
= Rs 700.
As the result is positive, it means Rahul made a profit of Rs 700.
Therefore, the correct answer is option B) 700.
Cost Price:
Rahul bought 20 kg of rice at Rs 30 per kg, so the cost price of this rice is 20 kg * Rs 30/kg = Rs 600.
Similarly, he bought 40 kg of rice at Rs 35 per kg, so the cost price of this rice is 40 kg * Rs 35/kg = Rs 1400.
Total cost price = Rs 600 + Rs 1400 = Rs 2000.
Selling Price:
Rahul sold the entire lot at Rs 45 per kg. Since he bought a total of 20 kg + 40 kg = 60 kg of rice, the selling price of the entire lot is 60 kg * Rs 45/kg = Rs 2700.
Profit or Loss:
To calculate the profit or loss, we need to find the difference between the selling price and the cost price.
Profit/Loss = Selling Price - Cost Price
= Rs 2700 - Rs 2000
= Rs 700.
As the result is positive, it means Rahul made a profit of Rs 700.
Therefore, the correct answer is option B) 700.
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