Question 57

A rice trader buys 25 quintals of rice for Rs 1,825. 27% rice is lost in transportation. At what rate should he sell to earn 20% proﬁt?

Solution

Cost price = Rs. 1825

Quantity of rice with the trader after transportation lost = $$\frac{73}{100} \times 25$$

= 18.25 quintals

To have 20% profit, total selling price of the trader should be = $$\frac{120}{100} \times 1825$$

= Rs. 2190

$$\therefore$$ Selling price per quintal = $$\frac{2190}{18.25} = Rs. 120$$

=> Ans - (B)

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