Kumar purchased 120 reams of paper at Rs 80 per ream He spent Rs 280 on transportation paid tax at t...........

Quantitative Aptitude ( CCS) Profit and loss

Kumar purchased 120 reams of paper at Rs 80 per ream. He spent Rs 280 on transportation, paid tax at the rate of 40 paise per ream and paid Rs 72 to the coolie. If he wants to have a gain of 8 %, what must be the selling price per ream?

Rs 60

Rs 85

Rs 90

Rs 78

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Explanation:

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