A rice trader buys 20 quintals of rice for Rs 8,580. However, 22% rice is lost in transportation. At what rate should he sell to earn 20% profit?
Cost price = Rs. 8580Â for 20 quintals
Quantity of rice with the trader after transportation lost = $$\frac{100 - 22}{100} \times 20$$
= $$\frac{78}{5} \times 3$$ = 15.6 quintals
To have 20% profit, total selling price of the trader should be = $$\frac{120}{100} \times 8580$$
= Rs. 10,296
$$\therefore$$ Selling price per quintal = $$\frac{10296}{15.6} = Rs. 660$$
=> Ans - (C)
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