There would be a 10 % loss, if rice is sold at Rs., 54 per kg. To earn a profit of 20 %, price of ri

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7.Profit and Loss

medium

There would be a $10 \%$ loss, if rice is sold at $Rs.\, 54$ per $kg.$ To earn a profit of $20 \%,$ the price of rice per $kg$ will be (in $Rs.$)

A

$70$

B

$72$

C

$65$

D

$63$

Solution

$90 \%$ $C.P.$ $=54 ₹$

$\therefore$ To gain $20 \%, 120 \%$ $C.P.$ $=\frac{54}{90} \times 120=Rs.72$

Standard 13

Quantitative Aptitude

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