1.

There would be a 10% loss, if rice is sold at Rs. 54 per kg. To earn a profit of 20% the price of rice per kg will be.1. Rs. 722. Rs. 663. Rs. 784. Rs. 68

Answer» Correct Answer - Option 1 : Rs. 72

Given:

S.P = Rs. 54/kg

Loss = 10%

Formula used:

C.P = S.P × [100/(100 – Loss%)]

Calculation:

C.P = Rs. 54 × (100/90) = Rs. 60

To earn 20% profit

S.P = Rs. 60 × (120/100) = Rs. 72

∴ The price of rice will be Rs. 72/kg


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