Home
Class 12
MATHS
Kartina has a wheat business. She purche...

Kartina has a wheat business. She purchease wheat from a focal wholeselar at a particular cost per pound. The price of the wheat at her stores is $3 per pound . Her faulty spring balance reads 0.9 pounds for a pound. Also , in the festival season, she gives a 10% discount on the wheat. She found that she made neither a profit nor a loss in the festival season. At what price did Katrina purchase the wheat from the wholeselar?

A

2.43

B

2.5

C

2.7

D

3

Text Solution

AI Generated Solution

The correct Answer is:
To find the price at which Kartina purchased the wheat from the wholesaler, we can follow these steps: ### Step 1: Understand the Selling Price and Discount Kartina sells wheat at $3 per pound. During the festival season, she offers a 10% discount on this price. **Hint:** Calculate the effective selling price after applying the discount. ### Step 2: Calculate the Discounted Selling Price The discount on the selling price of $3 is calculated as: \[ \text{Discount} = 10\% \text{ of } 3 = \frac{10}{100} \times 3 = 0.3 \] Thus, the selling price after the discount is: \[ \text{Discounted Selling Price} = 3 - 0.3 = 2.7 \] **Hint:** Remember that the discounted price is what customers pay after the discount is applied. ### Step 3: Account for the Faulty Spring Balance Kartina's spring balance reads 0.9 pounds for a pound. This means that when she sells what she claims is 1 pound, she is actually giving only 0.9 pounds. Therefore, for every 1 pound sold, the customer receives: \[ \text{Actual Weight Given} = 1 \text{ pound} + 0.1 \text{ pound} = 1.1 \text{ pounds} \] **Hint:** Consider how the faulty balance affects the actual quantity of wheat sold. ### Step 4: Calculate the Effective Selling Price per Pound Since the customer pays $2.7 for what they think is 1 pound, but they actually receive 1.1 pounds, the effective selling price per pound is: \[ \text{Effective Selling Price} = \frac{2.7}{1.1} \] **Hint:** Use division to find out how much the customer effectively pays per pound of wheat. ### Step 5: Perform the Calculation Calculating the effective selling price: \[ \text{Effective Selling Price} = \frac{2.7}{1.1} = 2.4545 \text{ (approximately)} \] **Hint:** Round your answer appropriately if necessary. ### Step 6: Determine the Cost Price Since Kartina made neither a profit nor a loss during the festival season, the cost price (CP) must equal the effective selling price (SP). Thus, we can conclude: \[ \text{Cost Price} = 2.4545 \] **Hint:** Remember that if there is no profit or loss, the selling price equals the cost price. ### Final Step: Round to the Given Options The closest option to our calculated cost price of approximately $2.45 is $2.43. Thus, the price at which Kartina purchased the wheat from the wholesaler is: \[ \text{Cost Price} = 2.43 \] **Final Answer:** $2.43
Promotional Banner

Similar Questions

Explore conceptually related problems

The wheat varieties are:

Bread wheat is

Wheat germ is

____ roots are found in wheat.

In wheat and rice

In what proportion must rice at $0.8 per pound be mixed with rice at $0.9 per pound so that the mixture cost $0.825 per pound?

Ashma sells an article for Rs. 540 which she bought for Rs. 620. Find her profit or loss.

A lady shopkeeper allows her customers 10% discount on the marked price of the goods and still gets a profit of 25%. What is the cost price of a fan for her marked at Rs 1250?

What is the total cost of 2.5 pounds of bananas at $0.34 per pound and 2.5 pounds of tomatoes at $0.66 per pound?

Sunita purchases a bicycle for Rs 660. She has paid a VAT of 10%. Find the list price of the bicycle?