Mahesh bought 100 kg of rice for Rs. 1040 and sold it at a loss of as much money as he received for 30 kg rice. At what price did he sell the rice?

Rs. 7.46/kg
Rs. 8/kg
Rs. 8.74/kg
Rs. 8.56/kg

Correct Answer: Rs. 8/kg

Explanation:

Let the selling price of the rice = Rs.P/kg

Now, according to the question,

1040 - 100p = 30p

=> p = 8/kg

Hence, the selling price of the rice = Rs. 8/kg

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