Question

(b) How much the selling price should be fixed for pulse bought for Rs.70 per kg. to earn a profit of Rs.6 after allowing a 5 % discount?

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Answer 1

Rs. 80

Explanation:

Given that :

Purchase price = 70

Profit = 6

Discount = 5%

Let selling price = x

Selling price * (1 - discount) = (purchase price + profit)

x * (1 - 5%) = (70 + 6)

x * (1 - 0.05) = 76

x * 0.95 = 76

0.95x = 76

x = 76 / 0.95

x = 80

Hence, selling price = Rs. 80