A shopkeeper bought 10 kg of rice at the rate of Rs. 25 per kg. He sol

1.	A shopkeeper bought 10 kg of rice at the rate of Rs. 25 per kg. He sold forty percent of the total quantity at the rate of Rs. 50 per kg. At what price per kg should he sell the remaining quantity to make 40% overall profit.1. Rs. 302. Rs. 223. Rs. 254. Rs. 56
Answer» Correct Answer - Option 3 : Rs. 25 Given: A shopkeeper bought 10 kg of rice at the rate of Rs. 25 per kg. He sold forty percent of the total quantity at the rate of Rs. 50 per kg. Calculation: Cost price of rice = 10 × 25 = Rs. 250 40% of total quantity = 10 × 0.4 = 4 kg Selling price of 4 kg = 50 × 4 = Rs. 200 For overall 40% profit, total Selling price = 250 × 1.4 = Rs. 350 Remaining quantity = (10 - 4)kg = 6 Kg Selling price per kg of remaining quantity = (350 - 200)/6 = Rs. 25 ∴ The selling price for remaining quantity is Rs. 25.

A shopkeeper bought 10 kg of rice at the rate of Rs. 25 per kg. He sold forty percent of the total quantity at the rate of Rs. 50 per kg. At what price per kg should he sell the remaining quantity to make 40% overall profit.1. Rs. 302. Rs. 223. Rs. 254. Rs. 56

Answer» Correct Answer - Option 3 : Rs. 25

Given:

A shopkeeper bought 10 kg of rice at the rate of Rs. 25 per kg. He sold forty percent of the total quantity at the rate of Rs. 50 per kg.

Calculation:

Cost price of rice = 10 × 25 = Rs. 250

40% of total quantity = 10 × 0.4 = 4 kg

Selling price of 4 kg = 50 × 4 = Rs. 200

For overall 40% profit, total Selling price = 250 × 1.4 = Rs. 350

Remaining quantity = (10 - 4)kg = 6 Kg

Selling price per kg of remaining quantity = (350 - 200)/6 = Rs. 25

∴ The selling price for remaining quantity is Rs. 25.

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