Mahesh bought 100 kg of rice for Rs 1040 and sold it at a loss of as much money as he received for 3...........

Quantitative Aptitude ( CCS) Profit and loss

Mahesh bought 100 kg of rice for Rs. 1040 and sold it at a loss of as much money as he received for 30 kg rice. At what price did he sell the rice?

7.46/kg

8/kg

10.50/kg

12/kg

Let the selling price of the rice = Rs.Pper kg

Now, according to the question,

1040−100p=30p

⇒100p+30p=1040

⇒130p=1040

p=1040/130?=8 per kg.

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