Question

Ravi bought 50kg rice at the rate of tk.40 per kg and sold it at the rate of tk.44 per kg. What is the percentage of profit

Answer 1

He paid 0.40 x 50 = 20

He sold it for 0.44 x 50 = 22

His profit was 22-20 = 2

Percentage was 2/20 = 0.10 = 10 %

Answer 10 %