Question Details

A reduction of 7.5% in the cost price of a commodity enables a shopkeeper to purchase 15 kg more than what he previously purchased for a sum of ₹7,400. In order to make a profit of 32.5% on the pre-reduction cost price of the commodity, at what price (in ₹) per kg should the commodity be sold?

Options

A

54

B

52

C

51

D

53

Show Answer

Correct Answer :

Option D

53

Solution :

The correct option is 53.

Step 1: Formulate equations for the quantity of commodity purchased.
Let the pre-reduction cost price of the commodity per kg be P rupees.
Total amount spent = ₹7,400.

The original quantity purchased (in kg) at price P is:

Original Quantity=7400P

A reduction of 7.5% in the cost price means the new cost price per kg becomes:

New Cost Price=P×(1-0.075)=0.925P

The new quantity purchased (in kg) for ₹7,400 at this reduced price is:

New Quantity=74000.925P

Simplifying the fraction for the new quantity:

74000.925P=7400×1000925P=8000P

Step 2: Calculate the pre-reduction cost price per kg (P).
It is given that the reduced price allows the shopkeeper to buy 15 kg more than before:

New Quantity-Original Quantity=15

8000P-7400P=15

600P=15

P=60015=40

So, the pre-reduction cost price of the commodity is ₹40 per kg.

Step 3: Determine the selling price per kg to earn a profit of 32.5%.
To earn a 32.5% profit on the pre-reduction cost price (₹40), the selling price per kg is:

Selling Price=40×1+32.5100

Selling Price=40×1.325=53

Therefore, the commodity should be sold at ₹53 per kg.

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