A farmer stores 10000
kg of potatoes in an underground cellar. At the prevailing buying rates in the
whole sale market he is unable to make any profit. He is advised that the
market price of potatoes will climb @ 3% per month, whereas the loss in weight
of potatoes due to evaporation of water was @1% per month.
After how many months
should he sell his stock of potatoes so as to make a profit of 10%.
Check the answer:
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