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Shkiper50
1 month ago
14

A rice merchant purchased 50 bags of rice at rupees 300 per back he spent 500 rupees towards transportation due to lack of deman

d for the Rice incurred a loss of 30% at what price should he sell it is bag of rice.
Plz put the answer with clear explanation.​
Mathematics
1 answer:
Inessa [12.5K]1 month ago
8 0

Answer:

10500 rupees

Step-by-step explanation:

Thus, 50 bags at 300 each, which results in

300*50= 15000

15000 was his expenditure on the 50 rice bags

Additionally, he incurred a transportation cost of 500 rupees

15000 + 500 = 15500 total spent, which is extra information.

A loss of 30% translates to 30% of 15000, which is

30% of 15000 = 4500

Finally, 15000 - 4500 = 10500 rupees

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