In normal times, a vegetable exporter assumes that 20% of the produce sent in a container will perish by the end of the voyage to international markets, and he prices the sent vegetables at Rs 2L per ton to enjoy a 20% profit. Due to difficult shipping conditions now, he estimates that 50% of his produce inside the container will become unsellable, despite transport costs per container also increasing from Rs 2L to Rs 4L. If a container can store 10 tons of vegetables, what would be the new price he would ask (per ton) to retain his profit?

Question

Option 1: Rs 5L

Option 2: Rs 3.6L

Option 3: Rs 3L

Option 4: Rs 2.5L

AfterBoards · Accepted Answer

The answer is 'Rs 3.6L'. View full solution:

BMSAT Kozhikode (QA) PYQs

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