In selling 20 kg of rice at Rs. 80 per kg, the seller has intentionally mixed...
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In selling 20 kg of rice at Rs. 80 per kg, the seller has intentionally mixed 10 kg of low quality rice in it. Seller sells at cost price. Due to this, seller earns a profit of 33.33%. What is the price of 10 kg of low quality rice (in Rs.)? 1. 400 320 3. 380 4. 540 360 2. 5. In selling 20 kg of rice at Rs. 80 per kg, the seller has intentionally mixed 10 kg of low quality rice in it. Seller sells at cost price. Due to this, seller earns a profit of 33.33%. What is the price of 10 kg of low quality rice (in Rs.)? 1. 400 320 3. 380 4. 540 360 2. 5.
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Solution 1 Let the price of a kg of low quality rice be Rs T In 20 kg rice 10 kg is ... View the full answer
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Managerial Accounting Tools for business decision making
ISBN: 978-1118096895
6th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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