Selling rice at Rs. 5.40 per kg incurs a 10% loss. At what price per kg should it be retailed to secure a 20% profit?
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Answer: D. Rs. 7.20
Explanation
Selling rice at five point four zero rupees with a ten percent loss establishes a cost price of six rupees per kg. A ten percent loss means the selling price represents ninety percent of the original cost price of the commodity. To secure a twenty percent profit, the cost price of six rupees is multiplied by one point two zero to get seven point twenty. Cost price represents the original amount paid to acquire goods before any retail markup or discount is applied. Profit margins are calculated as a percentage increase added to the established cost price of merchandise. Loss percentages represent reductions below the baseline cost price resulting from discounted or distressed sales.
Rs. 6 represents the cost price per kg rather than the final selling price required for a twenty percent profit. Rs. 6.48 calculates an incorrect profit percentage that fails to reach the required twenty percent target margin. Rs. 7.02 results from a minor miscalculation in the markup percentage applied to the base cost price.
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- Mathematics
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- Mathematics
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