1. 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?
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By: anil on 05 May 2019 02.11 am
Cost price = Rs. 8580 for 20 quintals Quantity of rice with the trader after transportation lost = $$frac{100 - 22}{100} imes 20$$ = $$frac{78}{5} imes 3$$ = 15.6 quintals To have 20% profit, total selling price of the trader should be = $$frac{120}{100} imes 8580$$ = Rs. 10,296 $$ herefore$$ Selling price per quintal = $$frac{10296}{15.6} = Rs. 660$$ => Ans - (C)
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