Hemant purchased 120 rims of paper at Rs 80 per rim He spent Rs 280 on transportation paid octroi at...........

Quantitative Aptitude ( CCS) Profit and loss

Hemant purchased 120 rims of paper at Rs. 80 per rim. He spent Rs. 280 on transportation, paid octroi at the rate of 40 paise per rim and paid Rs. 72 to the coolie. If he wants to have a gain of 8%, the selling price per rim must be:

Rs. 89

Rs. 90

Rs. 95

None of these

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Explanation:

Total investment = Rs. (120 * 80 + 280 + (40/100) * 120 + 72).
= Rs. (9600 + 280+48 + 72) = Rs, 10000.
Sell price of 120 reams = 108% of Rs. 10000 = Rs. 10800.
Sell Price per ream = Rs. [10800/120] = Rs. 90.

Hence, option 2 is the correct answer.