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A shopkeeper bought 8 bags each of 25 kg rice at ₹5.25 per kg and sold the same at ₹ 6.25 What is his profit?
Most Upvoted Answer
A shopkeeper bought 8 bags each of 25 kg rice at ₹5.25 per kg and sold...
Cost Price Calculation
To determine the shopkeeper's profit, we first need to calculate the total cost price (CP) of the rice.
- The shopkeeper bought 8 bags of rice.
- Each bag weighs 25 kg.
- The price per kg is ₹5.25.
The total weight of rice:
- Total weight = 8 bags * 25 kg/bag = 200 kg.
Total cost price:
- CP = Total weight * Price per kg
- CP = 200 kg * ₹5.25 = ₹1050.
Selling Price Calculation
Next, we calculate the total selling price (SP) of the rice.
- The selling price per kg is ₹6.25.
Total selling price:
- SP = Total weight * Selling price per kg
- SP = 200 kg * ₹6.25 = ₹1250.
Profit Calculation
Now, we can calculate the profit made by the shopkeeper.
- Profit = Selling Price - Cost Price
- Profit = ₹1250 - ₹1050 = ₹200.
Summary
- The shopkeeper's total cost price for the rice was ₹1050.
- The total selling price amounted to ₹1250.
- Therefore, the profit made by the shopkeeper is ₹200.
This calculation helps the shopkeeper understand the financial outcome of his transactions effectively.
To determine the shopkeeper's profit, we first need to calculate the total cost price (CP) of the rice.
- The shopkeeper bought 8 bags of rice.
- Each bag weighs 25 kg.
- The price per kg is ₹5.25.
The total weight of rice:
- Total weight = 8 bags * 25 kg/bag = 200 kg.
Total cost price:
- CP = Total weight * Price per kg
- CP = 200 kg * ₹5.25 = ₹1050.
Selling Price Calculation
Next, we calculate the total selling price (SP) of the rice.
- The selling price per kg is ₹6.25.
Total selling price:
- SP = Total weight * Selling price per kg
- SP = 200 kg * ₹6.25 = ₹1250.
Profit Calculation
Now, we can calculate the profit made by the shopkeeper.
- Profit = Selling Price - Cost Price
- Profit = ₹1250 - ₹1050 = ₹200.
Summary
- The shopkeeper's total cost price for the rice was ₹1050.
- The total selling price amounted to ₹1250.
- Therefore, the profit made by the shopkeeper is ₹200.
This calculation helps the shopkeeper understand the financial outcome of his transactions effectively.
Community Answer
A shopkeeper bought 8 bags each of 25 kg rice at ₹5.25 per kg and sold...
His profit is ₹200.
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A shopkeeper bought 8 bags each of 25 kg rice at ₹5.25 per kg and sold the same at ₹ 6.25 What is his profit?
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A shopkeeper bought 8 bags each of 25 kg rice at ₹5.25 per kg and sold the same at ₹ 6.25 What is his profit? for Class 5 2024 is part of Class 5 preparation. The Question and answers have been prepared according to the Class 5 exam syllabus. Information about A shopkeeper bought 8 bags each of 25 kg rice at ₹5.25 per kg and sold the same at ₹ 6.25 What is his profit? covers all topics & solutions for Class 5 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A shopkeeper bought 8 bags each of 25 kg rice at ₹5.25 per kg and sold the same at ₹ 6.25 What is his profit?.
A shopkeeper bought 8 bags each of 25 kg rice at ₹5.25 per kg and sold the same at ₹ 6.25 What is his profit? for Class 5 2024 is part of Class 5 preparation. The Question and answers have been prepared according to the Class 5 exam syllabus. Information about A shopkeeper bought 8 bags each of 25 kg rice at ₹5.25 per kg and sold the same at ₹ 6.25 What is his profit? covers all topics & solutions for Class 5 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A shopkeeper bought 8 bags each of 25 kg rice at ₹5.25 per kg and sold the same at ₹ 6.25 What is his profit?.
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