A trader bought 100 kg of sugar at $2 per kg and sold it at $2.50 per kg. What i

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Question: A trader bought 100 kg of sugar at $2 per kg and sold it at $2.50 per kg. What is the profit percentage?

Options:

Correct Answer: 25%

Solution:

Cost Price = 100 * 2 = 200. Selling Price = 100 * 2.5 = 250. Profit = 250 - 200 = 50. Profit Percentage = (50/200) * 100 = 25%.

A trader bought 100 kg of sugar at $2 per kg and sold it at $2.50 per kg. What is the profit percentage?

A trader bought 100 kg of sugar at $2 per kg and sold it at $2.50 per kg. What is the profit percentage?

Step 1: Calculate the total cost price of the sugar. Multiply the quantity (100 kg) by the cost per kg ($2). So, Cost Price = 100 * 2.
Step 2: Calculate the total selling price of the sugar. Multiply the quantity (100 kg) by the selling price per kg ($2.50). So, Selling Price = 100 * 2.5.
Step 3: Find the profit by subtracting the total cost price from the total selling price. Profit = Selling Price - Cost Price.
Step 4: Calculate the profit percentage. Use the formula: Profit Percentage = (Profit / Cost Price) * 100.

Cost Price and Selling Price – Understanding the basic definitions and calculations of cost price and selling price is essential for profit calculations.
Profit Calculation – Calculating profit as the difference between selling price and cost price.
Profit Percentage – Calculating profit percentage using the formula (Profit/Cost Price) * 100.