Naruto buys rice worth Rs. 1,34,650. On the way, 60% of the rice gets damaged. He is forced to sell it at a loss of 20%. At what profit percentage should he sell the remaining rice to have an average overall profit of 20%?
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95% profit
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80% profit
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330% profit
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20% profit
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170% profit
B
Correct answer
Explanation
Worth of rice which is damaged = 60/100*134650 = 80790. Its selling price is 80790*.8 = 64632. Total selling price should be 134650*1.2 = 161580. Remaining rice is sold at 161850 - 64632 = Rs. 97218 to get overall 20% profit. So, profit is (96948 - 53860)/53860*100 = 80% (approximately).