7 Views

Question : A rice trader buys 16 quintals of rice for INR 5,632. 20% of rice is lost in transportation. At what rate should he sell to earn a 25% profit?

Option 1: INR 225.2 per quintal

Option 2: INR 550 per quintal

Option 3: INR 440 per quintal

Option 4: INR 563.2 per quintal


Team Careers360 11th Jan, 2024
Answer (1)
Team Careers360 19th Jan, 2024

Correct Answer: INR 550 per quintal


Solution : The cost price of 16 quintals of rice = INR 5,632
Total Profit = 25% of cost price
= $\frac{25}{100} × 5632$
= INR 1408
Total selling price = cost price + total profit
= INR 5,632 + INR 1,408
= INR 7,040
Quantity of rice left = $\frac{100–20}{100} ×16$
= $\frac{4}{5}×16$
= $12.8$ quintals
The selling price per quintal = $\frac{7040}{12.8}$ = INR 550
Hence, the correct answer is INR 550 per quintal.

SSC CGL Complete Guide

Candidates can download this ebook to know all about SSC CGL.

Download EBook

Know More About

Related Questions

TOEFL ® Registrations 2024
Apply
Accepted by more than 11,000 universities in over 150 countries worldwide
Manipal Online M.Com Admissions
Apply
Apply for Online M.Com from Manipal University
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books