Question

A rice merchant purchased 50 bags of rice at rupees 300 per bag. he spent rupees 500 towards transportation. he incurred a loss of 30% .at what price did he sell each bag of rice.

Answer 1

Number of bags of rice purchased by merchant = 50
Cost of each bag = rs 300
Transportation charge for all bags = rs 500
Total money spent by the merchant = rs [(300 × 50)+500]
=[15000+500]
=15500
Loss = 30 %
Money gained = [15500-(30 % of 15500)]
=[15500-4650]
=10850
Selling price for each rice bags = rs 10850/50
= rs 217

Answer 2

Answer:

selling price of each bag is 217 rs