Profit and Loss Practice Test 5

Question : 37 of 40

Marks: +1, -0

A shopkeeper bought 30 kg of wheat at the rate of Rs 45 per kg. He sold 40% of the total quantity at the rate of Rs 50 per kg. Approximately, at what price per kg would he sell the remaining quantity to make 25% overall profit?

Rs 54
Rs 52
Rs 50
Rs 60
Rs 56

Validate

Solution:

CP of 30 kg of wheat = 45 × 30 = Rs 1,350
SP of 30 kg of wheat =

1,350 +25/100 × 1,350

= Rs 1,687.5
SP of 12 kg wheat = 12 × 50 = Rs 600
SP of 18 kg wheat = 1,687.5 - 600 = Rs 1,087.5
SP of per kg wheat =

{1,087.5}/18 = 60.41

≈ Rs 60

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