A merchant sold 500 quintals of wheat at a profit of 10 if a quintal of wheat cost him 1500 what is ...........

Quantitative Aptitude (CDS) Profit and loss

A merchant sold 500 quintals of wheat at a profit of 10 % if a quintal of wheat cost him 1500, what is his total profit and the selling price respectively?

Rs. 80000, Rs.850000

Rs.75000, Rs.825000

Rs.70000, Rs.900000

Rs.65000,Rs. 750000

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Explanation:

CP= 1500 x 500 = 7,50,000
Rate of profit = 10%
Profit = 750000(10/100) = Rs. 75000
SP = CP + profit = 750000 + 75000
= Rs. 825000
Thus profit =Rs. 75000 and selling price = Rs. 825000