A retailer buys a bag containing 54 kg oranges at ₹25 per kg. Later upon sorting he finds that 4 kg oranges are rotten, he throws them and sells the remaining ones at ₹36 per kg. Find his profit percent.
Given:
Total quantity of oranges = 54 kg
Cost price per kg = ₹25
Rotten oranges = 4 kg (unsold)
Selling price per kg = ₹36
Formula Used:
Profit = Selling Price – Cost Price
Solution:
Total cost price = 54 × 25 = ₹1350
Usable oranges = 54 – 4 = 50 kg
Total selling price = 50 × 36 = ₹1800
Profit = ₹1800 – ₹1350 = ₹450
Profit %
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