Question

12 liter of petrol is bought at the rate of Rs 70 liter and 2 liter is leakage the remaining is sold at the Rs 80 per liter.Find the gain or loss on the outlay

Answer 1

Answer:

Loss

Step-by-step explanation:

12L bought at Rs. 70/L = Rs. 840

but 2L leaked, so he/she has only 10L to sell

10L now sold for Rs. 80/L = Rs. 800

so clearly it has been a loss, even by selling it at a little higher price.

Answer 2

Answer:

Step-by-step explanation:

Cost price of petrol = total petrol x purchase cost of petrol per litre

CP = 12 x 70 = Rs 840

leakage = 2 litre

so petrol left = 12 - 2 = 10 litres

Selling price of petrol = total petrol x selling cost of petrol per litre

SP = 10 x 80 = Rs 800

SP<CP i.e. 800<840  so  loss

Loss = Difference = SP - CP = 800 - 840 = -40

Final answer ,

There is a loss of Rs 40