Question 83
A rice trader buys 8 quintals of rice for Rs 3,600. 10% rice is lost in transportation. At what rate should he sell to earn 15% profit?
Solution
Cost price = Rs. 3600 for 8 quintals
Quantity of rice with the trader after transportation lost = $$\frac{100 - 10}{100} \times 8$$
= $$\frac{36}{5}$$ = 7.2 quintals
To have 15% profit, total selling price of the trader should be = (100+15)% of 3600 = $$\frac{115}{100} \times 3600$$
= Rs. 4140
$$\therefore$$ Selling price per quintal = $$\frac{4140}{7.2} = Rs 575$$
=> Ans - (C)
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