A rice trader buys 16 quintals of rice for Rs., 5632 . 20 % rice is lost in transportation. At what

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7.Profit and Loss

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A rice trader buys $16$ quintals of rice for $Rs.\, 5632$. $20 \%$ rice is lost in transportation. At what rate should he sell to earn $25 \%$ profit in $Rs.$ per quintal?

A

$225.2$

B

$550$

C

$440$

D

$563.2$

Solution

No. of quintals remaining $=80 \%(16)=12.8$

To earn $25 \%$ profit, S.P of rice $=125 \%(5632)$

$Rs. 7040$

$\therefore$ $S.P$ of rice/quintal $=\frac{7040}{12.8}=Rs. 550$

Standard 13

Quantitative Aptitude

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