A rice trader buys 8 quintals of rice for Rs., 3,600,10 % rice is lost in transportation. At what ra

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7.Profit and Loss

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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 in $Rs.$ per quintal ?

A

$352.1$

B

$517.5$

C

$575$

D

$582.3$

Solution

$1$ Quintal $=100 kg$

$8$ Quintal $=800 kg$

$10 \%$ rice were lost $=10 \%(800)=80 kg$

Remaining $=720 kg =7.2 quintals$

Initial price of $8$ quintal $=3600$

Price of $8$ Quintal Now $=115 \%(3600)=₹ 4140$

$\therefore$ $S.$ $P$ of Rice/quintal $=\frac{4140}{7.2}=Rs. 575$

Standard 13

Quantitative Aptitude

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