A merchant bought 10 kg of sugar at $5 per kg and sold it at $6 per kg. What is

₹0.0

Question: A merchant bought 10 kg of sugar at $5 per kg and sold it at $6 per kg. What is the total profit?

Options:

Correct Answer: $10

Solution:

Cost Price = 10 * 5 = 50. Selling Price = 10 * 6 = 60. Profit = Selling Price - Cost Price = 60 - 50 = 10.

A merchant bought 10 kg of sugar at $5 per kg and sold it at $6 per kg. What is the total profit?

A merchant bought 10 kg of sugar at $5 per kg and sold it at $6 per kg. What is the total profit?

Step 1: Calculate the total cost price of the sugar. Multiply the quantity of sugar (10 kg) by the cost per kg ($5).
Step 2: The calculation is 10 kg * $5/kg = $50. This is the total cost price.
Step 3: Calculate the total selling price of the sugar. Multiply the quantity of sugar (10 kg) by the selling price per kg ($6).
Step 4: The calculation is 10 kg * $6/kg = $60. This is the total selling price.
Step 5: Calculate the profit by subtracting the total cost price from the total selling price. Profit = Selling Price - Cost Price.
Step 6: The calculation is $60 - $50 = $10. This is the total profit.

Cost Price and Selling Price – Understanding the difference between the cost price (CP) and selling price (SP) is crucial for calculating profit.
Profit Calculation – Profit is calculated as the difference between the selling price and the cost price.