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Profit and Loss Practice Test 2
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© examsnet.com
Question : 8
Total: 40
Due to a 25% increase in the price of riceper kilogram, a person is able to purchase20 kilogram less for 400. What is the increased price of rice per kilogram?
Rs 4
Rs 2
Rs 3
Rs 1
Validate
Solution:
Quantity
Price
Expenditure
x
y
400
x
−
20
5
4
y
400
[
x
y
]
=
[
x
−
20
]
[
5
4
y
]
x
y
=
5
4
x
y
−
25
y
25
=
x
4
So, x = 100 kgPrice of 100 kg rice = Rs 400
Price of 1 kg rice = Rs 4
Price of (100 - 20 = 80 kg) rice = 400
Price of 1 kg rice = Rs 5
Increased price of rice per kilogram = Rs 1.
© examsnet.com
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