SSC CPO SI and ASI 2012 Paper

Question : 114 of 200

Marks: +1, -0

A man bought a certain quantity of rice at the rate Rs. 650 per quintal. 20% 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:

(4)Let 100 quintals of rice be bought.
Cost price of 100 kg of rice is 650 ×100 = 65000.
Now for 20% gain, selling priceshould be

65000 ×{120}/{100}= Rs.78000

So, the rate of selling =

{78000}/{100-20}= {78000}/{80}

= Rs. 975

per quintal

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