Answer:
Cost price of a bog of rice containing 30 kg is Rs 542.85
Explanation:
Given:
- Selling price of 1 kg rice = Rs 19
- Loss percentage = 5% = 0.05
- Number of kg of rice = 30
To find:
- Cost price of the bag of rice
Approach:
- Calculate the cost price per kg of rice by considering the loss percentage.
- Multiply the cost price per kg by the number of kg of rice to find the cost price of the bag of rice.
Solution:
The cost price per kg of rice is calculated as follows:

Also written it as:


Substituting value


The cost price of the bag of rice is calculated as follows:



Therefore, the cost price of the bag of rice containing 30 kg if by selling at Rs 19/kg a loss of 5%. is made is Rs 542.85
