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A trader bought 50 kg of sugar at $2 per kg and sold it at $2.50 per kg. What is

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Question: A trader bought 50 kg of sugar at $2 per kg and sold it at $2.50 per kg. What is the total profit?

Options:

  1. $25
  2. $30
  3. $20
  4. $15

Correct Answer: $25

Solution: 

Cost Price = 50 * 2 = 100. Selling Price = 50 * 2.5 = 125. Profit = Selling Price - Cost Price = 125 - 100 = 25.

A trader bought 50 kg of sugar at $2 per kg and sold it at $2.50 per kg. What is

Practice Questions

Q1
A trader bought 50 kg of sugar at $2 per kg and sold it at $2.50 per kg. What is the total profit?
  1. $25
  2. $30
  3. $20
  4. $15

Questions & Step-by-Step Solutions

A trader bought 50 kg of sugar 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 sugar. Multiply the quantity of sugar (50 kg) by the cost per kg ($2). So, 50 * 2 = $100.
  • Step 2: Calculate the total selling price of the sugar. Multiply the quantity of sugar (50 kg) by the selling price per kg ($2.50). So, 50 * 2.5 = $125.
  • Step 3: Calculate the profit by subtracting the total cost price from the total selling price. So, $125 (selling price) - $100 (cost price) = $25.
  • Cost Price and Selling Price – Understanding how to calculate the cost price and selling price of goods to determine profit.
  • Profit Calculation – The formula for calculating profit as the difference between selling price and cost price.
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