Eesha has a wheat business. She purchases wheat from a local wholesaler of a particular cost per pound. The price of the wheat of her stores is $3 per kg. Her faulty spring balance reads 0.9 kg for a KG. Also in the festival season, she gives a 10% discount on the wheat. She found that she made neither a profit nor a loss in the festival season. At what price did Eesha purchase the wheat from the wholesaler ?; Eesha has a wheat business. She purchases wheat from a local wholesaler of a particular cost per pound. The price of the wheat of her stores is $3 per kg. Her faulty spring balance reads 0.9 kg for a KG. Also in the festival season, she gives a 10% discount on the wheat. She found that she made neither a profit nor a loss in the festival season. At what price did Eesha purchase the wheat from the wholesaler ?
Answers
Answered by
4
Faulty spring balance reads 0.9 kg for a kg" means that she sells 1 kg for the price of 0.9 kgs, so she looses 10% of the price because of the faulty spring balance. She looses another 10% because of the discount.
So, she actually sells 1 kg for $3×0.9×0.9=$2.43 and since at that price she made neither a profit nor a loss, then Eesha purchase the wheat from the wholesaler for $2.43.
or
1 kg of Wheat=3
0.9 kg of wheat=3*0.9=2.7
Now she gives 10% discount per kg(Here 1kg is 0.9)
So,10/100*2.7=0.27
Finally,SP-Discount=CP
CP=2.7-0.27=$2.47
So, she actually sells 1 kg for $3×0.9×0.9=$2.43 and since at that price she made neither a profit nor a loss, then Eesha purchase the wheat from the wholesaler for $2.43.
or
1 kg of Wheat=3
0.9 kg of wheat=3*0.9=2.7
Now she gives 10% discount per kg(Here 1kg is 0.9)
So,10/100*2.7=0.27
Finally,SP-Discount=CP
CP=2.7-0.27=$2.47
Answered by
0
The wheat was purchased at a price of $2.43.
Given:
Price of wheat in the store = $3
Reading by the faulty spring balance = 0.9kg
Discount on wheat = 10%
To Find:
At what price did Eesha purchase the wheat from the wholesaler?
Solution:
The faulty spring balance reads 0.9 pounds for a Kg.
This means that Eesha sells 1 Kg for the price of 0.9 Kg.
Thus, she loses 10% of the price because of the faulty spring balance. Further, she loses another 10% because of the discount.
Therefore,
Eesha actually sells 1 Kg for -
= 3 × 0.9 × 0.9
= 3 × 0.81
= 2.43
Answer: Eesha purchases the wheat from the wholesaler for $2.43.
#SPJ2
Similar questions