Question

250kg of rice is bought at Rupees 45 per kg and sold at a loss of 5%.Calculate the loss and the selling price of 1 kg rice?

Answer 1

Answer:

Loss = Rs. 562.50

SP of 1 kg rice = Rs. 42.75

Step-by-step explanation:

Cost of 250 kg rice = 250 x 45 = Rs. 11250

Loss = (11250 x 5)/100 = Rs. 562.50

Selling Price of 45 kg rice = Rs. 11250 - Rs. 562.5 = Rs. 10687.50

Selling Price of 1 kg rice = 10687.50/250 = Rs. 42.75

Hope this helps.