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A trader buys 500 kg. of cotton for Rs. ...

A trader buys 500 kg. of cotton for Rs. 9000. 10% of this cotton is spoiled due to rain. At what rate (Rs./kg) should he sell the rest to earn 10% profit?

A

25

B

30

C

22

D

20

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, let's break it down: ### Step 1: Calculate the Cost Price (CP) per kg of cotton The trader buys 500 kg of cotton for Rs. 9000. \[ \text{CP per kg} = \frac{\text{Total Cost}}{\text{Total Weight}} = \frac{9000}{500} = 18 \text{ Rs./kg} \] **Hint:** To find the cost price per kg, divide the total cost by the total weight of the cotton. ### Step 2: Calculate the amount of spoiled cotton 10% of the cotton is spoiled due to rain. \[ \text{Spoiled Cotton} = 10\% \text{ of } 500 \text{ kg} = \frac{10}{100} \times 500 = 50 \text{ kg} \] **Hint:** To find the amount spoiled, calculate 10% of the total weight of cotton. ### Step 3: Calculate the remaining cotton Subtract the spoiled cotton from the total cotton to find out how much is left. \[ \text{Remaining Cotton} = 500 \text{ kg} - 50 \text{ kg} = 450 \text{ kg} \] **Hint:** To find the remaining cotton, subtract the spoiled amount from the total amount. ### Step 4: Calculate the Selling Price (SP) for a 10% profit To earn a 10% profit, the selling price must be 110% of the cost price. \[ \text{Total Cost Price for 500 kg} = 9000 \text{ Rs.} \] \[ \text{Required Selling Price} = 110\% \text{ of } 9000 = \frac{110}{100} \times 9000 = 9900 \text{ Rs.} \] **Hint:** To find the selling price for a profit, multiply the total cost by 110% (or 1.1). ### Step 5: Calculate the Selling Price per kg of the remaining cotton Now, divide the total selling price by the remaining cotton to find the selling price per kg. \[ \text{SP per kg} = \frac{\text{Total Selling Price}}{\text{Remaining Cotton}} = \frac{9900}{450} = 22 \text{ Rs./kg} \] **Hint:** To find the selling price per kg, divide the total selling price by the weight of the remaining cotton. ### Final Answer The trader should sell the remaining cotton at Rs. 22 per kg to earn a 10% profit. ---
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