a Akhil is a fish vendor. One day he bought 12 kilograms of fish at 140 rupees a kilogram. He spent 120 rupees to take this to the shop. 4 kilograms of fish were spoilt and he sold the rest at 180 rupees a kilogram. Did he gain or lose money in this ? What percent?
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Answer:
Akhil is fish vendor, he has total 12kg of fish, he lost actually and loss percentage is 20%
Step-by-step explanation:
Akhil bough fish let us consider it as cost price that is⇒140×12=1680 rupees
so he spent 120 rupees
so the total cost price became 1680+120=1800 rupees.
in that 4kg fish was spoilt so 12kg-4kg=8kg
so now the selling price for per kg of fish is 180 rupees
for 8kg of fish =180*8=1440 rupees.
so loss is cp-s.p that is 360 rupees,1800-1440
let us calculate loss percentage=loss/c.p×100=20%
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