Question

A merchant sold 500 kg of rice at a loss of 7%.If the cost of rice is Rs.110 per kg,find his loss and the selling price of the rice.​

Answer 1

Answer:

Given:

profit of Rs.10 per bag of basmati rice

loss of Rs.5 per bag of non-basmati rice

i) 3,000 bags of basmati rice ×10=30,000 profit

5,000 bags of non-basmati rice ×5=25,000 loss

30,000−25,000=5,000 net profit

ii) Let x be the number of bags of basmati rice

10x=6,400×5

10x=32,000

x=

10

32000

x=3,200 bags of basmati rice.