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Profit and Loss Practice Test 8
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© examsnet.com
Question : 8
Total: 40
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:
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
© examsnet.com
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