Question
Download Solution PDFA shopkeeper bought 210 kilograms of rice at the rate of Rs.100 per kilogram. He sold 80% of the total quantity at the rate of Rs.125 per kilogram. At what price per kilogram should he sell the remaining quantity to make 65% overall profit? (In Rs.)
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Total quantity of rice = 210 kg
CP = Rs. 100 per kg
Sold 80% of total at the rate of Rs. 125 per kg
Calculation:
Cost Price of rice = 210 × 100 ⇒ Rs 21000
80% of total quantity = 210 × 0.8 ⇒ 168 kg
Selling price of 168 kg = 168 × 125
⇒ Rs. 21000
For overall 65% profit , Total SP = 21000 × 165/100
⇒ Rs 34,650
Remaining quantity = (210 - 168) = 42 kg
SP per kg of remaining quantity to get a overall profit of 65%:
⇒ (34,650 - 21000)/42
⇒ Rs. 325
Hence, the correct answer is "Rs 325".
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