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Aptitude · Q48

Profit And Loss

Competitive Exams · Aptitude · question 48

Q48

A person bought a certain quantity of rice at the rate of Rs. 150/quintal. 10% of the rice was spoiled. At what rate(per quintal) should he sell the remaining rice to earn 20% profit.

A.
Rs. 180
B.
Rs. 200
Answer
C.
Rs. 210
D.
Rs. 220

Answer: Option B

Solution

Answer: Option B
Solution:
Suppose he buy 1 quintal of Rice in Rs.150.
10% is spoiled so he now have to sell of 90 kg remaining).
But he has to make a profit of 20%,so he will sell
90kg for Rs. 180
This means his selling price is Rs. 200 per quintal.