A rice trader buys 22 quintals of rice for Rs 3344. 24% rice is lost in transportation. At what rate should he sell to earn 30%profit
Answers
Find amount of rice left:
Bought = 22 quintals
Lost = 24% x 22 = 0.24 x 22 = 5.28 quintals
Left = 22 - 5.28 = 16.72 quintals
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Find total sales to earn 30% profit:
100% = 3344
1% = 3344 ÷ 100 = 33.44
130% = 33.44 x 130 = Rs 4347.2
He needs to sell the remainder of the rice for Rs 4347.2
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Find the rate:
16.72 quintals = Rs 4347.2
1 quintal = 4347.2 ÷ 16.72 = Rs 260
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Answer: Rs 260 / quintal
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