Question 87

A shopkeeper, sold dried apricots at the rate Rs 1210 a kg and bears a loss of 12%. Now if he decides to sell it at Rs 1331 per kg, what will be the result?

Solution

Let cost price of 1 kg of apricots = $$Rs. x$$

If Selling price of 1 kg of apricots = Rs. 1210

=> Loss % = $$\frac{x - 1210}{x} \times 100 = 12$$

=> $$\frac{x - 1210}{x} = \frac{12}{100} = \frac{3}{25}$$

=> $$25x - 30250 = 3x$$

=> $$25x - 3x = 22x = 30250$$

=> $$x = \frac{30250}{22} = 1375$$

When selling price = Rs. 1331

=> Loss % = $$\frac{1375 - 1331}{1375} \times 100$$

= $$\frac{44 \times 4}{55} = 3.2\%$$

=> Ans - (D)


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