Question

William sells a quintal of wheat for Rs 924 and earns a profit of 12℅ by selling a quintal of rice for the same amount he loses 12℅. find: (I) c.p of wheat (ii) c.p. of rice​

Answer 1

Answer:

Sp of 1 Quinta rice-₹924

Profit=12%

Cp=100/112*924=825

Sp of 1 quintal wheat-₹924

Loss=12%

Cp=100/88*924=1050

Total sp =924+924=1848

Total cost price =1050+825=1875

Cp>sp,so loss

=>1875-1848=27

Percentage loss = (loss/c.p) x 100

1.44

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