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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