Question

A rice merchant purchased 50 bags of rice at rupees 300 per back he spent 500 rupees towards transportation due to lack of demand for the Rice incurred a loss of 30% at what price should he sell it is bag of rice.

Plz put the answer with clear explanation.​

Answer 1

10500 rupees

Explanation:

So 50 bags 300 per pack so

300*50= 15000

15000 is what he spent on the 50 bags of rice

So he spent 500 rupees on transportation

15000 + 500 = 15500 total spent which is not needed but extra information

30% loss is 30% of 15000 so

30% of 15000 = 4500

15000 - 4500 = 10500 rupees