Question 56

A trader bought a bag of 40 kg of basmati rice at Rs. 125 per kg and another bag of 60 kg at Rs. 150 per kg. He sold the entire stock at a profit of 20%. Find the selling price per kg.

Solution

Cost of basmati rice=

$$40\times125=5000$$

The cost of basmati rice is 5000.

Cost of another bag=$$60\times150$$

=9000.

The cost of another bag is 9000.

Total cost price=5000+9000

=14000.

Profit = 20%

Hence SP = $$1.2 \times 14000 = 16800$$

The selling price is 16800.

Total weight = 100kg

The selling price per kg is Rs.168

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