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There would be a 10% loss, if rice is sold at Rs. 54 per kg. To earn a profit of 20%, the price of rice per kg will be
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- Rs. 65
- Rs. 70
- Rs. 63
- Rs. 72
Correct Option: D
Here , S.P. of rice per kg = Rs. 54
∴ C.P. of rice per kg = | = Rs. 60 | 90 |
For 20% profit,
S.P. per kg. = | = Rs. 72 | 100 |
Using the given formula :
Here , Loss% = 10%
C.P. = S.P. | 100 | |||||
100 - Loss% |
C.P. = 54 | 100 | |||||
100 - 10 |
C.P. = Rs. 60
New S.P. = C.P. | 100 + Profit% | |||||
100 |
New S.P. = 60 × | 100 + 20 | = $ 72 | ||||
100 |