A trader allows successive discounts of 15% and 10% on the marked price of an article. If the marked price is Rs.100, what would be the selling price?
Explanation
Cost of transporting 150\ kg over 120\ km=50
Cost of transporting 1\ kg over 1\ km=\dfrac{50}{(150\times 130)}
Cost of transporting 180\ kg over 300\ km=\dfrac{50}{(150\times 130)}\times (180\times 300)=Rs.150
Rice cost for 8 members for 20 days= 480rs
8 members for 1 day = 480/20=24
1 member for 1 day =24/8=3
12 members for 1 day =12 \times 3=36
12 members for 15 days =36 \times 15=540
The cost of 60Kg commodity is 5\times 60=300Rs.
The cost of 150 Kg commodity is 6\times 150=900Rs.
The overall cost is 300+900=1200
The total selling price is 210\times 7=1470
The net profit is 1470-1200=270
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