Question

if rice is sold from a 40 kg bad at ₹36/kg for a profut o 20%,find the c.p of the bag of rice​

Answer 1

Answer:

1200

Step-by-step explanation:

Selling Price = Rs. 36 per Kg

Profit = 20%

Cost price = 36 / (1 + 20%) = 36/1.2 = Rs. 30 per Kg

Cost price of Bag = Quantity x Cost price per Kg

=40 x 30 = Rs. 1200