Question 60

A person buys 25 kg of rice for ₹600 and sells them at a loss equal to the selling price of 5 kg rice. What will be the loss percentage?

Solution

Cost Price of 25 kg of rice = Rs.600
Then, Cost Price of 1 kg of rice = Rs.24
Given, Cost Price of 25 kg of rice - Selling Price of 25 kg of rice = Selling Price of 5 kg of rice
=> Cost Price of 25 kg of rice = Selling Price of 30 kg of rice
Here, Cost Price of 25 kg of rice = Rs.600
=> Selling Price of 30 kg of rice = Rs.600
Then, Selling Price of 1 kg of rice = Rs.20
Therefore, Loss percentage $$= \dfrac{24-20}{24}\times100 = \dfrac{4}{24}\times100 = \dfrac{1}{6}\times100 = 16.67$$%


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