A vendor, who sells apples by the roadside after buying them from a wholesaler,buys 200 apples on a certain day at the price of Rs 25 per fruit. He expects toearn a profit of Rs 1000 by selling the whole stock of apples. In order to dothis, determine the price at which he should sell a fruit.
Answer:
Step-by-step explanation:
To find out at what price should he sell his fruits, let us find the other things first.
He buys 200 apples from a wholesaler, and 25/fruit.
So, the total amount he has to pay is 25 * 200
= Rs. 5000
Now, Profit is calculated as follows :-
[tex]\rm{Profit = Selling \ Price – Cost \ Price}[/tex]
Now, we are already given the desired profit.
So, it’s not at all “making castles in the air” case. It is a case of “Being on the silver line of a cloud”.
1000 = S.P – 5000
1000+5000 = SP
S.P = Rs. 6000
We got the following resultant as Rs.6000.
Now, we have :-
200 apples = Rs. 6000
1 apple = 6000/ 20
So, he needs to sell an apple at the rate of Rs.30 to get the resultant profit.
Answer:
he should sell 30 rupee per fruit
Step-by-step explanation:
total number of fruits he bought – 200
price of a single piece he bought – 25
total profit he expect – 1000
total money he paid to wholesaler – 25*200=5000
total money he expects to earn – 5000+1000=6000
price at which he should sell a fruit = 6000/200=30
hence,he should sell a fruit of rupee 30
HOPE IT HELPS!