1. 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?
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By: anil on 05 May 2019 02.13 am
Cost price = Rs. 3600 for 8 quintals Quantity of rice with the trader after transportation lost = $$frac{100 - 10}{100} imes 8$$ = $$frac{36}{5}$$ = 7.2 quintals To have 15% profit, total selling price of the trader should be = $$frac{115}{100} imes 3600$$ = Rs. 4140 $$ herefore$$ Selling price per quintal = $$frac{4140}{7.2} = Rs$$ $$575$$ => Ans - (C)
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