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A shopkeeper bought 30 kg of wheat at the rate of Rs. 45 per kg. He sold 40% of the total quantity at the rate of Rs. 50 per kg. Approximately, at what price per kg should he sell the remaining quantity to make 25% overall profit ?

A) Rs.54/-
B) Rs.52/-
C) Rs.50/-
D) Rs.60/-
E) Rs.56/-

Correct Answer:




D) Rs.60/-

Description for Correct answer:
Total cost of wheat =30 x 45 = Rs.1,350/-

Price of 40% of the wheat = 30 x \( \Large \frac{40}{100} \) x 50

= Rs.600/-

Remaining wheat = 30 - 12 = 18 kg

Therefore Required price = \( \Large \frac{1350 x 125/100 - 600}{18} \)

= \( \Large \frac{1687.5 - 600}{18} \) = Rs. 60/-

Part of solved SBI JuniorAssociate-4 questions and answers : Exams >> Bank Exams >> SBI JuniorAssociate-4

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