Question

24. A grocer purchased 200 kg of rice at 25 per kg. He sold 80 kg of it at a sain of 10% and
40 kg at a loss of 4%. At what rate per kg should he sell the remainder to gain 8% on his total
investment
25​

Answer 1

Answer:

Purchase cost =200×25=Rs5,000  

Selling price of 80 kg rice - at 10% gain ⇒ 110% of price  

⇒    

100

110

​

×Rs25.

So money earned by selling 80 kg rice =80×  

100

110

​

×   25=Rs2,200

Selling price of 40 kg rice  at a loss of 4% ⇒  96% of price  

⇒  

100

96

​

×Rs25

Money earned by selling 40 kg =40×  

100

96

​

×25=Rs 960

Remaining quantity =200−40−80=80kg

Total gain required = 8%  ⇒

Overall money to be earned thru sales =  

100

108

​

× cost =  

100

108

​

×5,000=Rs5,400

Money to be earned through sale of remaining 80 kg

      =Rs5,400−Rs2,200−Rs960=Rs2,240

Selling price of the remainder rice =  

80kg

Rs2,240

​

=Rs28/kg

Step-by-step explanation:

Answer 2

Answer:

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