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A merchant bought 100 kg of rice at $2 per kg and sold it at $2.50 per kg. What

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Question: A merchant bought 100 kg of rice at $2 per kg and sold it at $2.50 per kg. What is the total profit?

Options:

  1. $50
  2. $100
  3. $75
  4. $25

Correct Answer: $50

Solution: 

Cost Price = 100 * 2 = 200. Selling Price = 100 * 2.5 = 250. Profit = Selling Price - Cost Price = 250 - 200 = 50.

A merchant bought 100 kg of rice at $2 per kg and sold it at $2.50 per kg. What

Practice Questions

Q1
A merchant bought 100 kg of rice at $2 per kg and sold it at $2.50 per kg. What is the total profit?
  1. $50
  2. $100
  3. $75
  4. $25

Questions & Step-by-Step Solutions

A merchant bought 100 kg of rice at $2 per kg and sold it at $2.50 per kg. What is the total profit?
  • Step 1: Calculate the total cost price of the rice. Multiply the quantity of rice (100 kg) by the cost per kg ($2). This gives you 100 * 2 = $200.
  • Step 2: Calculate the total selling price of the rice. Multiply the quantity of rice (100 kg) by the selling price per kg ($2.50). This gives you 100 * 2.5 = $250.
  • Step 3: Calculate the profit by subtracting the total cost price from the total selling price. This gives you 250 - 200 = $50.
  • Cost Price and Selling Price – Understanding the difference between the cost price (CP) and selling price (SP) is essential for calculating profit.
  • Profit Calculation – Profit is calculated as the difference between selling price and cost price.
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