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Ramesh went to the market to buy potatoes. He found a shopkeeper selling
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2 kg potatoes for 30. Ramesh bought 15 kg potatoes from him and gave the
shopkeeper 500 note. Shopkeeper gave back a balance of 3 350 to Ramesh.
On way back home he realised that the shopkeeper had returned him more
money. Ramesh went back to the shop and returned the extra amount.
(a) What was the cost of 15 kg potatoes?
(b) How much money did Ramesh return to the shopkeeper?
(C) What value is exhibited by Ramesh's act?
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Step-by-step explanation:
Cost Price: The price, at which an article is purchased, is called its Cost Price, abbreviated as C.P.
Selling Price: The price, at which an article is sold, is called its Selling Price, abbreviated as S.P.
Profit or Gain: If S.P. is greater than C.P., the seller is said to have a Profit or Gain.
Profit or Gain = S.P. - C.P.
Profit or Gain Percentage = (Profit or Gain/ C.P.)*100
Here,
C.P. = 420₹ (for 70 Kg of Potatoes)
S.P. = 6.50 * 70 = 455₹
Gain = 455–420 = 35₹
Gain Percentage = (35/420)*100 = 8.33 %
The value exhibited by Ramesh is honesty and kindness
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