Ramlal purchased 120 reams of paper
at Rs 100 per ream and the expenditure
on trasnsport was Rs 480. He had to pay
an octroi of 50 paise per ream and the
coolie charges were Rs 60. What should
he charge per ream to gain 20%?
Answers
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Kamlesh purchased 120 reams of paper at ₹ 100 per ream and the expenditure on transport was ₹ 480. He had to pay an octroi duty of 50 paise per ream and the coolie charges were ₹ 60. What should he charge per ream to gain 40% ?
₹155
₹ 147
₹ 138
₹ 165
None of the above
Correct Option: B
Total cost price = ₹ (120 x 100) = ₹ 12000
Total expenditure = 480 + (1/2) x 120 + 60 = ₹ 600
Total cost price = 12000 + 600 = ₹ 126000
Gain = 40%
SP of 120 reams = 12600 x (140/100) = ₹ 17640
∴ SP per ream = 17640/120 = ₹ 147