A man bought 50kg of rice for rs 500 and sold it at loss as much money as he received for 20kg rice. what is the selling price of the rice??

Answers (1)

Total Cost price = 500 rupee

Cost = 500/50 = 10 rupee/kg

The selling price of rice = S rupee/ kg

Total Loss = 20xS  

(10-S) x 50 = 20S

S=500/70

Selling price of rice S=7.14 rupee/kg

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