A rice trader buys 8 quintals of rice for Rs. | vedclass

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Question

(C) Total quantity of rice bought $= 8$ quintals.Total cost price $(CP) = Rs. 3,600$.Loss in transportation $= 10\%$ of $8$ quintals $= 0.8$ quintals.

Vedclass · Accepted Answer

$575$

Vedclass · Answer

(C) Total quantity of rice bought $= 8$ quintals.Total cost price $(CP) = Rs. 3,600$.Loss in transportation $= 10\%$ of $8$ quintals $= 0.8$ quintals.Remaining quantity of rice $= 8 - 0.8 = 7.2$ quintals.To earn a $15\%$ profit on the total investment,the total selling price $(SP)$ must be:$SP = CP + (15\% 	ext{ of } CP) = 3600 + (0.15 	imes 3600) = 3600 + 540 = Rs. 4,140$.Now,to find the selling rate per quintal for the remaining $7.2$ quintals:Selling rate $= \frac{	ext{Total } SP}{	ext{Remaining quantity}} = \frac{4140}{7.2} = Rs. 575$ per quintal.

$A$ rice trader buys $8$ quintals of rice for $Rs. 3,600$. $10\%$ of the rice is lost in transportation. At what rate should he sell the remaining rice to earn a $15\%$ profit in $Rs.$ per quintal?

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