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...?
