A shop keper buy 40kg of fruits for #120. he sells 20kg at #5 per Kg, 10kg at #2 per kg and the remaining 5kg at 50kobo. calculate amount he realise from d sales .calculate total profit. calculate percentage on his outlay of #120
cost: 120
sales: 20*5 + 10*2 + 5*0.50
profit = sales - cost
% gain: profit/cost * 100
215
To calculate the amount the shopkeeper realized from the sales, we need to calculate the revenue from each kg of fruit sold at different prices.
1. Revenue from selling 20kg at #5 per kg
Total revenue = 20 kg * #5/kg = #100
2. Revenue from selling 10kg at #2 per kg
Total revenue = 10 kg * #2/kg = #20
3. Revenue from selling the remaining 5kg at 50 kobo (0.5 naira) per kg
Total revenue = 5 kg * 0.5 naira/kg = #2.50
Now, let's calculate the total revenue:
Total revenue = #100 + #20 + #2.50 = #122.50
To calculate the total profit, we need to subtract the cost of purchasing the fruits from the total revenue.
The cost of purchasing the fruits was #120, so we subtract:
Total profit = Total revenue - Cost of purchasing
Total profit = #122.50 - #120 = #2.50
To calculate the percentage on his outlay of #120, we divide the profit by the cost and multiply by 100:
Percentage profit = (Total profit / Cost) * 100
Percentage profit = (#2.50 / #120) * 100 ≈ 2.08%
Therefore, the shopkeeper realized #122.50 from the sales, made a total profit of #2.50, and earned a percentage profit of 2.08% on his outlay of #120.