Please enter the following details
Free Daily Targets & Mocks
Study Material & Formulas PDFs
1 on 1 Mentorship
Question 85
Oil equal to 20% of the weight of ground nut is extracted in a mill. The matter left after extraction is sold as cattle feed at the rate of Rs 12.5/kg. The groundnuts are bought at Rs 20/kg. The processing cost is Rs 5/kg. At what price (Rs per kg) should the oil be sold to earn 20% profit on total costs (Total cost = Cost of groundnuts and Processing costs)?
Solution
Now let us assume we bought 10Kg groundnuts
so Cost = 200
Processing cost =50
Total cost = 250
Now to make 20% profit
S.P =300
Now oil extracted = 2Kg
Remaining 8Kg sold at 12.5/Kg so Money earned =100
Now we have to earn 200 using 2Kg oil
so it should be sold at 200/2 = 100
Create a FREE account and get:
- Free SSC Study Material - 18000 Questions
- 230+ SSC previous papers with solutions PDF
- 100+ SSC Online Tests for Free
