Question
Udit bought 15 kg of rice at rate of Rs. 60/kg. He spent
Rs. 40/kg on the transportation of the rice. At the end, he sold all quantity of rice at Rs. 'x' and earned the overall profit of 40%. Find the value of 'x'.Solution
Cost price of 15 kg rice = 15 X 60 = Rs. 900
Total cost price of 15 kg rice = 900 + 15 X 40 = Rs. 1500
Overall selling price, 'x' = 1500 X 1.4 = Rs. 2100
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