Question

0.26 Ram purchased rice worth? 500/-, He sold th of it at a loss of 10% and the remainder at a gzin of 10%
How much percent does he gain or loss on the whole transaction.
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Answer 1

Answer:

Cost price of rice = Rs 500 ¾ th of rice = (3/4) × 500 = Rs 375 Loss = 10%  Cost of ¼ th of rice = Rs 500 – Rs 375 = Rs 125 Profit or gain = 10%  Total SP = Rs 315 + 137.50 = Rs 452.50 Since SP < CP, we get loss Loss = Rs 500 – Rs 452.50 =  Rs 47.50  Hence loss% = 9.5%  

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