Question

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 1

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