A shopkeeper, sold dried apricots at the rate Rs 1,310 a kg and bears a loss of 13%. Now if he decides to sell it at Rs 1,441 per kg, what will be the result?
Let Cost price = Rs. $$x$$
Selling price = Rs. 1310
=> Loss % = $$\frac{x - 1310}{x} \times 100 = 13$$
=> $$\frac{x - 1310}{x} = \frac{13}{100}$$
=> $$100x - 131000 = 13x$$
=> $$100x-13x = 131000$$
=> $$x = \frac{131000}{87} = Rs$$ $$1505.75$$
If selling price = Rs. 1441
=> Loss % = $$\frac{1505.75 - 1441}{1505.75} \times 100$$
= $$\frac{6475}{1505.75} = 4.3\%$$
=> Ans - (C)
Create a FREE account and get:
