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A trader buys jowar at 30 per kg. 20% of...

A trader buys jowar at 30 per kg. 20% of the grain gets wasted. He plans to sell the remaining grain so that he makes 40% overall profit grain ?

A

48

B

50

C

52.5

D

47.5

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, let's break down the information given and calculate the required values. ### Step 1: Calculate the Cost Price (CP) The trader buys jowar at Rs 30 per kg. Let's assume he buys 10 kg of jowar. - **Cost Price (CP) = Price per kg × Quantity** - CP = 30 × 10 = Rs 300 **Hint:** To find the total cost, multiply the price per kg by the total quantity purchased. ### Step 2: Calculate the Wastage 20% of the grain gets wasted. We need to find out how much grain is wasted from the total quantity. - **Wastage = 20% of Total Quantity** - Wastage = 20% of 10 kg = (20/100) × 10 = 2 kg **Hint:** To find a percentage of a quantity, multiply the percentage (in fraction) by the total quantity. ### Step 3: Calculate the Remaining Quantity Now, we need to determine how much jowar remains after the wastage. - **Remaining Quantity = Total Quantity - Wastage** - Remaining Quantity = 10 kg - 2 kg = 8 kg **Hint:** Subtract the amount wasted from the total quantity to find the remaining quantity. ### Step 4: Calculate the Desired Selling Price for Profit The trader wants to make a 40% profit on the total cost price of Rs 300. - **Desired Profit = 40% of CP** - Desired Profit = 40% of 300 = (40/100) × 300 = Rs 120 Now, we can find the total selling price (SP) required to achieve this profit. - **Total Selling Price (SP) = CP + Desired Profit** - SP = 300 + 120 = Rs 420 **Hint:** To find the selling price for a desired profit, add the profit to the cost price. ### Step 5: Calculate the Selling Price per kg Now we need to find the selling price per kg of the remaining jowar. - **Selling Price per kg = Total Selling Price / Remaining Quantity** - Selling Price per kg = 420 / 8 = Rs 52.50 **Hint:** To find the price per unit, divide the total selling price by the number of units (in this case, kg). ### Final Answer The trader should sell the remaining jowar at Rs 52.50 per kg to achieve a 40% profit. ---
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