Question

A grocery shop owner buys wheat in a large quantity. He sells half the wheat at 20% profit, held of the remaining at 20% loss and rest at cost price. Find his gain/ loss percentage in the whole transaction.

Answer 1

Answer:

A grocery shop owner buys wheat in a large quantity. He sells half the wheat at 20% profit, held of the remaining at 20% loss and rest at cost price. Find his gain/ loss percentage in the whole transaction.

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Answer 2

Answer:

Let the wheat weight = 1 kg = 1000 g

Real weight = 80% of 1000 = 800 g

Let the CP of 1 g = ₹ 1

∴ CP of 800 g = ₹ 800,

CP of 1000 g = ₹ 1000

SP = 120% of 1000 = (120/100) x 1000 = ₹ 1200

Gain = 1200 - 800 = ₹ 400

∴ Gain % = (400/800) x 100% = 50%

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