A trader buys 60 bags of grain at Rs. 400 each. If he sells 18 bags at 8% profit, at what price should he sell the remaining bags to make 16.4% overall profit on selling the 60 bags?

A trader buys 60 bags of grain at Rs. 400 each. If he sells 18 bags at

1.	A trader buys 60 bags of grain at Rs. 400 each. If he sells 18 bags at 8% profit, at what price should he sell the remaining bags to make 16.4% overall profit on selling the 60 bags?
A.	Rs. 480
B.	Rs. 500
C.	Rs. 540
D.	Rs. 520
Answer» B. Rs. 500

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A trader buys 60 bags of grain at Rs. 400 each. If he sells 18 bags at 8% profit, at what price should he sell the remaining bags to make 16.4% overall profit on selling the 60 bags?

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