A shopkeeper bought 10 books at the rate of 60 each and 50 magazines at the rate of 340 each. He
sold the books and magazines at the flat rate of 50 each. Calculate the loss or give erned by the
shopkeeper
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Step-by-step explanation:
no of books = 10
cost of 1 book = 60Rs
total books cost = 60 * 10 = 600Rs
no of magazines = 50
cost of 1 magazine = 340Rs
total magazines cost = 50 * 340 = 17000Rs
total books and magazines cost = 17600Rs
he sold for flat 50%
selling cost of each book = 60* 50% = 30Rs
selling price of books = 10 * 30 = 300Rs
selling cost of each magazine = 340* 50% = 170Rs
selling price of magazines = 50 * 170 = 8500Rs
total selling price is 8500 + 300 = 8800Rs
total loss/ gain earned by the shopkeeper
=S. P - C. P
= 8800 - 17600
= - 8800 ( loss )
so it is the loss by the shopkeeper is 8800Rs
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