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Q.

A grocer purchased 200 kg of rice at Rs. 25 per kg. He sold 80 kg of it at a gain of 10% and 40 kg at a loss of 4%. At what rate per kg should he sell the remainder to gain 8% on his total investment?

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a

Rs. 25 per kg

b

Rs. 28 per kg

c

Rs. 30 per kg

d

Rs. 32 per kg 

answer is B.

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Detailed Solution

Concept- Profit has been defined as the amount gained from selling a product for more than its cost price. A loss is indeed the amount incurred by the seller after selling the product for less than its cost price.
It is given that the grocer purchased 200 kg of rice at Rs. 25 per kg.
Here, Purchase cost Question Image Rs 5,000
Selling price of Question Image rice - at Question Image gain Question Image of price Question Image.
Then, money earned by selling Question Image rice Question ImageSelling price of Question Image rice at a loss of Question Image of price Question ImageMoney earned by selling Question ImageRemaining quantity Question ImageTotal gain required Question Image Question ImageOverall money to be earned thru sales Question Image cost =Question ImageMoney to be earned through sale of remaining Question ImageQuestion ImageSelling price of the remainder rice Question ImageHence, the correct answer is option 2) Rs. 28 per kg.
 
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