Profit and Loss Practice Test 8

Question : 8 of 40

Marks: +1, -0

A man bought a certain quantity of rice at the rate of Rs 650 per quintal. Twenty per cent of the rice was spoiled. At what rate should he sell the remaining rice to gain 20% on the outlay?

Rs 775
Rs 850
Rs 890
Rs 975

Validate

Solution:

\table \Quantity ,\CP ,\SP ,\Expenditure;\Let 10 \kg,650\per \kg,-,6500;10-{20×10}/100=8\kg,,y,6500+20/100×6500=7800

Cost of 8 kg of rice = Rs 7,800
Cost of 1 kg of rice

=7800/8=975

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