Question

a man brought 10 bags for Rs 5000. He sold 7 bags at Rs 550 wash and remaining at the rate of cost price.Find his profit percent​

Answer 1

7%

Explanation:

cost of 10 bag is rs 5000.

then cost of one bag is 500.

he sold 7 bag for rs550 each then total =550×7

= 3850

again, he sold rest 3bag at cost price =500 ×3

=1500

then ,. profit percentage; s.p- c.p/5000×100

350/5000×100

= 7%