A shopkeeper buys a product of Rs 150 per Kg. 15% of product was damaged. At what price (per Kg) should he sell the remaining so as to earn a profit of 20%?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is Option 4 i.e. Rs. 211 (13/17)
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Understanding |
Application |
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A shopkeeper buys a product of Rs 150 per Kg. Required profit = 20% |
So, Selling price of 1 kg = 150 × 1.2 = Rs. 180 |
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15% of product was damaged. |
So, Selling price of remaining product = 180/0.85 = Rs. 211 (13/17) per kg |