A rice trader buys 22 quintals of rice for Rs 3,344. 24% rice is lost in transportation. At what rate should he sell to earn 30% profit?
Cost price = Rs. 3344 for 22 quintals
Quantity of rice left with the trader after transportation lost = $$\frac{100 - 24}{100} \times 22$$
= $$\frac{19}{25} \times 22$$ = 16.72 quintals
To have 30% profit, total selling price of the trader should be = $$\frac{130}{100} \times 3344$$
= Rs. 4347.2
$$\therefore$$ Selling price per quintal = $$\frac{4347.2}{16.72} = Rs. 260$$
=> Ans - (D)
Create a FREE account and get:
