A farmer sold 35 bags of rice at 25 % profit. If he sold each bag for ?7500:00. How much was his profit on 25 of the lot.

Mathematics

2 answers:

Serjik [45]3 years ago

8 0

That’s the correct answer

Doss [256]3 years ago

6 0

Suppose that the farmer had bought the rice at x dollars per bag and had sold them at a 25% markup. How much did the bags cost him before he added the markup? 1.25x =$75 results in $75/1.25, or $60 per bag.

If he sold 25 bags, his profit would be 1.25($60/bag)(25 bags) = $1875.

I very seriously doubt that the rice was $7500 per bag. Perhaps you meant $75/bag...?

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