Multiple choice

A company purchases 250 litres of oil for Rs. 12,600 from the market. Due to leakage, the oil is reduced to 240 litres in weight. At what price must the oil be charged per litre to cover the loss due to leakage, and by how much is the price inflated per litre?

  1. Price to be charged - Rs. 51 per litre. Price inflated by Rs. 2 per litre

  2. Price to be charged - Rs. 52 per litre. Price inflated by Rs. 3 per litre

  3. Price to be charged - Rs. 52.50 per litre. Price inflated by Rs. 2.10 per litre

  4. None of the above

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Price to be charged at Rs 52.50 per litre.It is to inflated at Rs 2.10 per litre. Price to be charged per litre before leakage = Rs 12,600 / 250 litres                                                                                =  Rs 50.40   Price to be charged per litre to cover the loss due to leakage    = Rs 12,600 / 240 litres                                                                                                                 =Rs 52.50       So price inflated per litre = Rs 52.50 - Rs 50.40 = Rs 2.10