Question
A vegetable seller buys 12 kg of potatoes at Rs. 40 per kg.
While selling, he uses a faulty weight that shows 1250 grams instead of 1000 grams but claims to sell it at a profit of 18%. Find the total profit earned by him from selling the potatoes bought by him.Solution
ATQ,
Cost price of 12 kg potatoes = 40×12=Rs.480
Quantity of potatoes sold = 1.25×12=15 kg
Selling price of 12 kg of potatoes sold = (1.18×40)×15=Rs.708
Required profit = 708−480=Rs.228
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