Question

Shreya bought 1 kg potato, 1kg onion and 1 kg tomato at prices of Rs. 35, 65 and 45 respectively. She sold the potato and onion at Rs. 50 and Rs. 40 respectively. At what price should she sell the tomato so that she incurs a total profit of 25%?
1. 86.82
2. 94.24
3. 88.45
4. 91.25

Answer 1

Correct Answer - Option 4 : 91.25

Given:

Shreya bought 1 kg potato, 1 kg onion and 1 kg tomato at prices of Rs 35, 65 and 45 respectively.

She sold the potato and onion at Rs 50 and Rs 40 respectively.

Formula Used:

Profit or Gain = Selling price – Cost Price

Loss = Cost Price – Selling Price

Profit percentage = (Profit /Cost Price) x 100

Loss percentage = (Loss Cost price) x 100

Calculation:

Total cost price of 1 kg potato, 1 kg onion and 1 kg tomato = Rs. (35 + 65 + 45) = Rs. 145

Selling price of potato and onion = Rs. (50 + 40) = Rs. 90

To get a total profit of 25% he should sell at Rs. (145 × 5/4) = Rs. 181.25

So, she should sell tomato at = Rs. (181.25 – 90) = Rs. 91.25

∴ Shreya should sell tomatoes at Rs. 91.25