Question 66

If the rice is sold at Rs 48 per kg, then there would be a 20% loss. To earn a profit of 20% what should be the price of rice (per kg)

Solution

Selling price = Rs. 48

Loss % = 20%

=> Cost price = $$\frac{48}{(100-20)}\times100$$

= $$\frac{480}{8}=Rs.$$ $$60$$

Now, to earn 20% profit, => Selling price = $$60+(\frac{20}{100}\times60)$$

= $$60+12=Rs.$$ $$72$$

=> Ans - (A)

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