30 dozens of nuts were bought for ₹14400. If the nuts are sold in a packet of 5 for ₹250, then how much profit is earned?
30 dozens of nuts were bought for ₹14400.
1 dozen = 12
30 dozen = $$12\times30$$ = 360
360 nuts were bought for ₹14400.
cost price of one nut = $$\frac{14400}{360}$$ = ₹40 Eq.(i)
If the nuts are sold in a packet of 5 for ₹250.
selling price of five nuts = ₹250
selling price of one nut = $$\frac{250}{5}$$ = ₹50 Eq.(ii)
Profit on one nut = Eq.(ii)-Eq.(i) = ₹50-₹40 = ₹10
Profit on 360 nuts = $$₹10 \times 360$$ = ₹3600
Create a FREE account and get: