Shyam sold 500 kg potatoes for 2250and earned a profit of 12 2%. If he

1.	Shyam sold 500 kg potatoes for 2250and earned a profit of 12 2%. If he soldthem at ?4per kg, find his profit or losspercent.
Answer» Selling price of 500 kg potatoes is 2250 Rs. Profit % = 12.5% cost price of 500 kg potatoes=cp(100÷(100+profit%) =2250(100÷(100+12.5) =2000 Rs Now, New rate of selling is 4 Rs/kg. New selling price of 500 kg potatoes is =500×4 =2000 Rs New selling price 500 potatoes= Cost price of 500 potatoes So there is no profit and no loss.

Shyam sold 500 kg potatoes for 2250and earned a profit of 12 2%. If he soldthem at ?4per kg, find his profit or losspercent.

Answer»

Selling price of 500 kg potatoes is 2250 Rs.

Profit % = 12.5%

cost price of 500 kg potatoes=cp(100÷(100+profit%)

=2250(100÷(100+12.5)

=2000 Rs

Now,

New rate of selling is 4 Rs/kg.

New selling price of 500 kg potatoes is

=500×4

=2000 Rs

New selling price 500 potatoes= Cost price of 500 potatoes

So there is no profit and no loss.