SOLUTION: If the rice is sold at Rs 66 per kg, there would be a 10% loss. To earn a profit of 50% what should be the price of rice (in Rs per kg)? 1) 110 2) 105 3) 108 4) 112

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Question 1102225: If the rice is sold at Rs 66 per kg, there would be a 10% loss. To earn a profit of 50% what should be the price of rice (in Rs per kg)?
1) 110
2) 105
3) 108
4) 112

Answer by josgarithmetic(39621) About Me  (Show Source):
You can put this solution on YOUR website!
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If rice is sold at Rs 66 per kg, there would be a 10% loss.
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w, how much merchant paid for per kg of rice
w-%281%2F10%29w=66
0.9w=66
w=66%2F0.9
w=73%261%2F3------merchant's cost, per kilogram

50% Profit:
Factor 1.50 or 3%2F2;
%283%2F2%29%2873%261%2F3%29

Rs 110