Raju Tamang bought 40 kg of rice Rs 80 per kg. He sold 25 kg of rice at Rs 84 per kg and the remaining quantity at Rs 76 per kg .Find his profit or loss percent in the transaction.
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DOLPA, July 25: The rice sold in subsidy by the government has become too expensive for the locals to buy.
The price of the Japanese rice received in grant by the government turned out to be higher than the market price of other species of rice. As a result, 3,515 quintals of rice remains unsold in the Dunai, Sarmi and Jufal depots of the NFC in the district.
The NFC has set the price of the rice at Rs. 65 per kilogram. It was sold for Rs. 50 per kg last fiscal year but was increased by Rs. 15 per kg this year, according to chief of NFC Dolpa Hari Prasad Joshi.
He however, claimed that the quality of the NFC distributed rice was better in compared to those available in the local market.
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