Question 81

A rice trader buys 12 quintals of rice for Rs 1,870. 15% rice is lost in transportation. At what rate should he sell to earn 20% profit?

Solution

Cost price = Rs. 1870 for 12 quintals

Quantity of rice with the trader after transportation lost = $$\frac{85}{100} \times 12$$

= 10.2 quintals

To have 20% profit, total selling price of the trader should be = $$\frac{120}{100} \times 1870$$

= Rs. 2244

$$\therefore$$ Selling price per quintal = $$\frac{2244}{10.2} = Rs. 220$$

=> Ans - (C)

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