Subject: General Aptitude · Chapter: Profit and Loss · Exam: · Marks: · Difficulty:
What would have been the selling price per kg of rice? I. 50 kg of rice was purchased for ₹3350 and ₹150 were spent on transport. II. Profit earned was 5\%.
Answer
SELF-PRACTICE — the source book printed no answer.
Nothing is invented here, so this question has no answer on record.
Explanation
I. Total C.P. of 50 kg $=₹(3350+150)=₹3500$. $$\therefore \text{C.P. of 1 kg}=₹\left(\frac{3500}{50}\right)=₹70.$$ II. Gain = 5\%. ∴ S.P. of 1 kg = 105\% of ₹70 $=₹\left(70\times\frac{105}{100}\right)=₹73.50$. Thus, both I and II are needed to get the answer. ∴ Correct answer is (e).
Explanation as extracted from the printed page; notation may be imperfect.