Question 82

A rice trader buys 16 quintals of rice for Rs 5632. 20% rice is lost in transportation. At what rate should he sell to earn 25% proﬁt?

Solution

Cost price = Rs. 5632 for 16 quintals

Quantity of rice left with the trader after transportation lost = $$\frac{100 - 20}{100} \times 16$$

= $$\frac{4}{5} \times 16$$ = 12.8 quintals

To have 25% profit, total selling price of the trader should be = $$\frac{125}{100} \times 5632$$

= $$5 \times 1408$$ = Rs. 7040

$$\therefore$$ Selling price per quintal = $$\frac{7040}{12.8} = Rs. 550$$

=> Ans - (B)

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