Question
A trader sold 15 kg of wheat and suffered a loss equal to the selling price of 5 kg of wheat. If the total purchase price was Rs. 480, find the selling price per kg.
Solution
ATQ, Let the selling price of wheat be Rs. x/kg. Therefore, loss = Rs. 5x According to the question, 5x = 480 – 15x Or, 20x = 480 Or, x = 24 Therefore, selling price of each kg of wheat = Rs. 24
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