A grocer purchased 200 kg of rice at 25 per kg. He sold 80 kg of it at a gain of 10% and
40 kg at a loss of 4% At what rate per log should he sell the remainder to gain 8% on his total
Investment?
ae two
Answers
Answer:
Purchase cost =200×25=Rs5,000
Selling price of 80 kg rice - at 10% gain ⇒ 110% of price
⇒ 100110×Rs25.
So money earned by selling 80 kg rice =80×100110× 25=Rs2,200
Selling price of 40 kg rice at a loss of 4% ⇒ 96% of price
⇒10096×Rs25
Money earned by selling 40 kg =40×10096×25=Rs 960
Remaining quantity =200−40−80=80kg
Total gain required = 8% ⇒
Overall money to be earned thru sales =100108× cost =
100108×5,000=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 =80kgRs2,240=Rs28/kg
Step-by-step explanation:
Hope it will help you
Answer:
Step-by-step explanation:
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 =
Rs2,240
=Rs28/kg