Question

by selling wheat at Rs. 2.34 p a kg a grocer gained 17%. At what price should he have sold it to gain 20%​

Answer 1

Answer:

let CP of wheat be 'x'.

Given:

SP = RS. 2.34/kg

Step-by-step explanation:

CP = 100 /( 100 + 17 ) × 2.34

CP= 100/117×234/100

CP = RS. 2/kg ... (1)

Now, 20 % of RS. 2/kg is

= 20/100× 2

= RS. 0.4/ kg ... (2)

ON adding (1) and (2), we get

= 2.4/kg

Formula used for finding CP,

CP = 100/(100+PROFIT℅) × SP