A shopkeeper sells rice at 45 per kilograms and a makes a profit of 8 percent. How much rice should sell if she has to earn a profit of Rs. 720?
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The answer is :
Profit on 1 kilogram = 45 - (45 * (100/108) = 45 - 41.67 = 3.33
so to make 720 profit, the number of kilograms to be sold = 720 / 3.33 = 215.22 kg
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