A dealer buys wheat at the rate of $ 600 per month quintal and sells it at a discount of 8% and still makes a profit of 15% .What is the marked price of wheat per kilogram?
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Answer:
$7.50
Step-by-step explanation:
C.P of 1 quintal wheat = $600
Profit = 15%
Hence, S.P = 115% of 600 = 115/100 * 600 = $690
Discount = 8%
Hence, M.P of 1 quintal wheat = 690 * 100/92 = $750
Therefore, marked price per kilogram = $7.50
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