A grocer sells sugar at a 10% loss. Had he sold it for ₹0.60 more per kg, he would have gained 8%. What is the cost price of sugar per kg?
Show answer & explanation
Correct answer: C
Explanation
Given:
Loss = 10%
If sold for ₹0.60 more, the profit would be = 8%
According to the formula:
SP₁ = 90% of CP
SP₂ = 108% of CP
SP₂ − SP₁ = 0.60
108% of CP − 90% of CP = 18% of CP
0.18 CP = 0.60
CP = 0.60 / 0.18 = 3.33 per kg