Question

a dealer purchase 80 quintal rice at the rate of Rs 3200 per quintal and expand rupees 3200 on overhead charges at what rate per quintal should he sell the rise to get 10% gain

Answer 1

Find cost of 80 quintal of rice

1 quintal = Rs 3200

80 quintal = 80 x 3200 = Rs 256,000

Find the total cost:

Cost of rice = Rs 256,000

overhead charges = Rs 3200

Total cost =  256,000 + 3200 = Rs 259,200

Find the gain:

10% Gain = 0.10 x 259,200 = Rs 25920

Find the selling price:

Total Selling Price = Total Cost + Gain

Total Selling Price = 259,200 + 25920 = Rs 285,120

Find the rate:

80 quintal = Rs 285120

1 quintal = 285120 ÷ 80 = Rs 3564

Answer: The rate is Rs 3564/quintal