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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