Question

2) A trader mixes three bags of sugar costing at 900per bag with
Seven Sacks of sugar which cost 700per bag. If she sells.
the mixture at At 950/bag Calculate her percentage profit

Answer 1

Answer:

• 25%

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Total cost of bags is:

• 3*900 + 7*700 =
• 2700 + 4900 =
• 7600

Total revenue from selling all the bags:

• 950(3 + 7) =
• 950*10 =
• 9500

Amount of profit:

• 9500 - 7600 = 1900

Percentage profit:

• 1900/7600 * 100% =
• 1/4 * 100% =
• 25%