Question

A dealer bought 50 quintalsof 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

he had a loss of rupees 3500

Answer 2

Given :

Cost of Per quintal = Rs 800

Octori charges = Rs 400

Transportation charges = Rs 600

Selling price of per quintal = Rs 750.

To find :

Gain or Loss

Solution

Finding the cost of 50 quintals -

per quintal = Rs 800

50 quintals = 50 x 800 = 40,000

So, cost of 50 quintals = Rs 40,000

Add his octori and transportation charges -

40,000 + 600 + 400 = 41,000.

Cost Price = ₹ 41,000

Finding Selling price of 50 quintals -

per quintal = Rs 750

50 quintals = 50 x 750 = 37,500

So, the Selling Price of 50 quintals = ₹ 37,500

Finding Loss/Gain -

Here, CP is more than SP . CP > SP. Hence, loss.

Loss = Cost Price - Selling Price

Loss = 41,000 - 37,500

Loss = ₹ 3500.