1. 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
Answers
Answer:
To earn a profit of 20%, the price of rice per kg will be. Rs. 65
explain
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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
Rs. 65
Rs. 70
Rs. 63
Rs. 72
Correct Option: D
Here , S.P. of rice per kg = Rs. 54
∴ C.P. of rice per kg =
54 × 100
= Rs. 60
90
For 20% profit,
S.P. per kg. =
60 × 120
= Rs. 72
100
Using the given formula :
Here , Loss% = 10%
C.P. = S.P. 100
100 - Loss%
C.P. = 54 100
100 - 10
C.P. = Rs. 60
New S.P. = C.P. 100 + Profit%
100
New S.P. = 60 × 100 + 20 = $ 72