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SSC CPO 2024 PYQ — Question 112

SSC CPO - 27 June 2024 - Shift 3 • Quantitative Aptitude • Q112

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A grocer purchased 10 kg of rice for ₹700. He spends some amount on transportation and then sells it for ₹1,400. If the percentage of profit made by the grocer is 30%, then what is the amount (in₹) he spends on transportation? (Round off to the nearest integer)

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Correct answer: C

Explanation

The correct answer is Option 3 i.e. 377.

Given that 

Cost price of 10 kg of rice = 700

Let the amount spent on transportation be x

Hence net C.P = 700 + x

Selling price = 1400

Percentage of profit = 30%

Formula used 

Profit % = S.P−C.PC.P\frac{S.P - C.P}{C.P} × 100

Substituting the values we get

7000 - 10x = 2100 + 3x

Hence x = 490013\frac{4900}{13} = 376.9 = 377

Hence, the amount he spends on transportation is Rs 377.