New Enroll here to Join NaBFID Analyst Into Class on May 6

    Question

    A grocer purchased 10 kg rice for Rs.700. He spends some

    amount on transportation and then sells it for Rs.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)
    A 352 Correct Answer Incorrect Answer
    B 377 Correct Answer Incorrect Answer
    C 262 Correct Answer Incorrect Answer
    D 272 Correct Answer Incorrect Answer

    Solution

    Let the amount he spends on transportation = x So total CP =700+x Profit = 30% and SP =1400 Total CP =(SP×100)/100+30 700+x = (1400×100)/130 700+x =1077 x =1077-700=377. =377.

    Practice Next

    Relevant for Exams: