Question

A dealer bought 50 quintals of rice at the rate of rupees 800 per quintal. He paid rupees 400 as octori charges and rupees 600 as transportation charges. Then he sold the whole stock at rupees 750 per quintal. Find his gain or loss.​

Answer 1

Answer:

loss of ₹ 3500

Step-by-step explanation:

Cost price= 800×50=₹40,000

Selling price=[octori charges+transportation charges]-price he sold the rice for.

= [50×750]-[400+600]

=₹37,500-₹1000

=₹36,500

Selling price= ₹36,500

$loss = {cp - sp}$

loss= 40,000-36,500

= ₹3500

Loss %=

$\frac{loss}{cp} \times 100$

= 3500 ×100

40,000

Loss percentage =35/4%