Mr. Magar sold 40 kg of fruits at the rate of Rs.60 per kg and gained Rs.600. Calculate his purchasing rate.

Question

This is a question from Profit and Loss. Please help me to get the answer.

Answer 1

The sales value is 40*60=Rs 2400. If the profit was Rs 600, then the cost to him is 2400-600=Rs 1800.

This is the cost of 40kg. Therefore the unit cost, purchase rate, is 1800/40=Rs 45/kg.