Question 57

The cost price of 120 bags is ₹ 15 each. 40 of them were sold for ₹18 each. At what price should the remaining be sold in order to get an overall profit of ₹ 4 per bag?

Solution

Total cost price = $$120\times15=Rs.$$ $$1800$$

Selling price of 40 = $$40\times18=Rs.$$ $$720$$

To get an overall profit of Rs. 4 per bag, final selling price must be = $$120\times(15+4)=Rs.$$ $$2280$$

=> Selling price of remaining 80 bags = $$2280-720=Rs.$$ $$1560$$

$$\therefore$$ Price of each remaining bag = $$\frac{1560}{80}=Rs.$$ $$19.5$$

=> Ans - (A)

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