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Jayashree purchased 150 kg of wheat of t...

Jayashree purchased 150 kg of wheat of the rate of 7 per kg. She sold 50 kg at a profit of 10%. At what rate per kg should she sell the remaining to get a profit of 20% on the total deal?
A)6.5
B)8.75
C)7.5
D)9.75

A

6.5

B

8.75

C

7.5

D

9.75

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will follow these calculations: ### Step 1: Calculate the Total Cost Price (CP) of Wheat Jayashree purchased 150 kg of wheat at the rate of 7 per kg. \[ \text{Total Cost Price} = \text{Quantity} \times \text{Rate per kg} = 150 \, \text{kg} \times 7 \, \text{per kg} = 1050 \] ### Step 2: Calculate the Selling Price (SP) of the First 50 kg Sold Jayashree sold 50 kg of wheat at a profit of 10%. First, we calculate the cost price of the 50 kg: \[ \text{Cost Price of 50 kg} = 50 \, \text{kg} \times 7 \, \text{per kg} = 350 \] Now, calculate the selling price with a 10% profit: \[ \text{Profit} = 10\% \text{ of } 350 = \frac{10}{100} \times 350 = 35 \] \[ \text{Selling Price of 50 kg} = \text{Cost Price} + \text{Profit} = 350 + 35 = 385 \] ### Step 3: Calculate the Total Selling Price Needed for 20% Profit To find out how much total selling price is needed for a 20% profit on the total cost price: \[ \text{Required Total Selling Price} = \text{Total Cost Price} + \text{20% of Total Cost Price} \] \[ \text{20% of Total Cost Price} = \frac{20}{100} \times 1050 = 210 \] \[ \text{Required Total Selling Price} = 1050 + 210 = 1260 \] ### Step 4: Calculate the Selling Price of the Remaining Wheat Jayashree sold 50 kg for 385, so the selling price of the remaining 100 kg must be: \[ \text{Selling Price of Remaining 100 kg} = \text{Required Total Selling Price} - \text{Selling Price of 50 kg} \] \[ \text{Selling Price of Remaining 100 kg} = 1260 - 385 = 875 \] ### Step 5: Calculate the Rate per kg for the Remaining Wheat Now, we need to find the rate per kg for the remaining 100 kg of wheat: \[ \text{Rate per kg} = \frac{\text{Selling Price of Remaining 100 kg}}{\text{Quantity}} = \frac{875}{100} = 8.75 \] ### Final Answer Jayashree should sell the remaining wheat at a rate of **8.75 per kg** to achieve a total profit of 20%. ---
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