A man buys sugar at Rs 500 per quintal. At what price per kilogram should it be sold so as to gain 25% ?
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Answer:
6.25 rupees
Step-by-step explanation:
The price of one quintal sugar is Rs 500.
One quintal = 100 kg
Therefore cost price of 1 kg sugar is 5 rupees.
Therefore to make a profit of 25% the selling price must be:
5 +25/100 * 5
5 + 1.25
6.25 rupees.
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