-
A man bought a certain quantity of rice at the rate of $ 650 per quintal. 20% of the rice was spoiled. At what rate should he sell the remaining rice to gain 20% on the outlay?
-
- $ 775
- $ 850
- $ 890
- $ 975
Correct Option: D
Let 10 quintals of rice be bought.
C.P. of rice = $ 650 per quintal
∴ Actual C.P. of 10 quintals of rice = 650 × 10 = $ 6500
On 20% gain ,
| ∴ Required S.P = | = $ 7800 | 100 |
If 20% of the rice was spoiled , then remaining quantity of rice = 10 - 2 = 8 quintals
| ∴ Rate of selling = | = $ 975 | 8 |
