a merchant bought rice at rs1500 per quintal. his expenses on labour and transport worked out to 2% of the cost of rice. At what price should he sell a quintal of rice to earn a profit of 30%
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12
Answer:
1989rs
Step-by-step explanation:
c.p of rice for quintal=1500rs
and his expenses 2% of 1500=30rs
total cost=1500+30=1530
so he want to get 30% profit so s.p=1530+30%1530
=1530+459
=1989rs
s.p of rice =1989rs
hope you understand
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