Question

A man bought some pencils for rs 30 and some pens for rs 90. the next day he again bought some pencils for rs25. then, he sold all the pencils for rs 20 and the pens for rs 70. what was his net gain or loss?

Answer 1

Answer:

loss on each pen and pencil is (30-10)=10

90-70=20

25-20=5

so 10+20+5=35

Man had loss rs 35

Answer 2

The net loss was Rs. 55

Given - Cost price and selling price

Find - Net gain or loss

Solution - Firstly calculating the total cost price and total selling price of both pens and pencils.

Total cost price of pens = 90

Total cost price of pencils = 30 + 25

Total cost price of pencils = 55

Overall cost price = 90 + 55

Overall cost price = 145

Total selling price of pencils = 20

Total selling price of pens = 70

Overall selling price = 20 + 70

Overall selling price = 90

The cost price is greater than selling price, hence, man suffered loss.

Loss = cost price - selling price

Loss = 145 - 90

Loss = Rs. 55

Hence, the net loss of man is Rs. 55.

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