A trader buys 500 kg cotton for ₹8,000. If 10% of this cotton is spoiled due to rain, At what rate (Rs. /kg) should he sell the rest to earn a 20% profit?
Given:
Cost price of 500 kg cotton= Rs8,000
Cotton spoiled due to rain =10%
Formula Used:
Solution:
Cotton left = 500 - 10%of 500 = 450kgs
To get an overall profit of 20%, cotton to be sold at
8000+20%of 8000= Rs. 9600
Rate of left cotton =
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