Question

A fruit and veg shop bought 500 kg of tomatoes for $900 and sold them for $2.80 per kg. What is the profit per kilogram

Answer 1

Answer is USD 01 Price per kg

Explanation:

By applying formula:

Profit=Selling price - Cost

Profit=(500*2.8)-900

Profit= 1400-900

Profit= 500

• Now we know that the Price for buying 1 kg:

Price= 900/500

Price= USD 1.8

• We also now know Price for selling 1 kg:

Price=Selling Price/Profit

Price=1400/500

Price= USD 2.8

• So, profit per kg is;

=Selling price per kg - Buying price per kg

=2.8-1.8

=USD 1 ANS

Answer 2

Profit is $1/kg

Explanation:

500kg = $900

1kg = $900 ÷ 500

= $1.80

profit = $2.80 - $1.80

= $1

(Correct me if i am wrong)