Question
A shopkeeper buys 50 kg of sugar at Rs 32 per kg. During transport, 2 kg of sugar gets damaged and cannot be sold. At what price per kg should he sell the remaining sugar to make a profit of 25% on his cost?
Solution
Cost price of 50 kg = 50 × 32 = Rs 1600 Usable sugar = 50 − 2 = 48 kg To earn 25% profit: Required selling price (total) = 1600 × 1.25 = Rs 2000 Selling price per kg = 2000 / 48 ≈ Rs 41.67 Answer: About Rs 41.67 per kg.
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