Question

6. Sharad bought one quintal of onions for
2000. Later he sold them all at the rate
of 18 per kg. Did he make a profit or
incur a loss? How much was it?​

Answer 1

Step-by-step explanation:

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Answer 2

Step-by-step explanation:

Cost price of 1 quintal of onions=Rs.2000

We know that,1 quintal=100kg.

Selling price of 1kg of onions=Rs.18

∴ Selling price of 100kg(or 1 quintal) of onions=18×100=Rs.1800

Since selling price is less than cost price, so there is a loss.

Loss=Cost price−Selling price.

=2000−1800=Rs.200

Hence, Sharad incurred a loss of Rs.200 in this transaction.