Subject: General Aptitude · Chapter: Profit and Loss · Exam: · Marks: · Difficulty:
Saransh purchased 120 reams of paper at ₹ 80 per ream. He spent ₹ 280 on transportation, paid octroi at the rate of 40 paise per ream and paid ₹ 72 to the coolie. If he wants to have a gain of 8\%, what must be the selling price per ream?
(a)₹ 86
(b)₹ 87.48
(c)₹ 89
(d)₹ 90
Answer
Answer (as printed): D
Explanation
Total investment $=₹\left(120 \times 80+280+\frac{40}{100} \times 120+72\right)$ $=₹(9600+280+48+72)$ = ₹ 10000. S.P. of 120 reams $=108 \%$ of $₹ 10000=₹ 10800$. ∴ S.P. per ream $=₹\left(\frac{10800}{120}\right)=₹ 90$.
Explanation as extracted from the printed page; notation may be imperfect.