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.

Question

Mathematics

Gillespie

11 July, 06:12

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.

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Answers (2)

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Amara Valenzuela · Answer 1

Amara Valenzuela 11 July, 08:13

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That’s the correct answer

Yair Young · Answer 2

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 ... ?