MCQOPTIONS
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| 1. |
Oil equal to 20% of the weight of ground nut is extracted in a mill. The matter left after extraction is sold as cattle feed at the rate of Rs 12.5/kg. The groundnuts are bought at Rs 20/kg. The processing cost is Rs 5/kg. At what price (Rs per kg) should the oil be sold to earn 20% profit on total costs (Total cost = Cost of groundnuts and Processing costs)? |
| A. | 250 |
| B. | 150 |
| C. | 200 |
| D. | 100 |
| Answer» E. | |