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?
Correct Answer :
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:
A reduction of 7.5% in the cost price means the new cost price per kg becomes:
The new quantity purchased (in kg) for ₹7,400 at this reduced price is:
Simplifying the fraction for the new quantity:
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:
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:
Therefore, the commodity should be sold at ₹53 per kg.
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