A shopkeeper bought 100kg of rice for rupees 5500and sold it for rupees 68.5 per kg. Amount gained or lost in the transaction is
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Answer:
1500
Step-by-step explanation:
Answered by
4
Given : A shopkeeper bought 100kg of rice for rupees 5500 and sold it for rupees 68.5 per kg.
To Find : Amount gained or lost in the transaction
Solution:
shopkeeper bought 100kg of rice for rupees 5500
=> Cost price = Rs 5500
sold it for rupees 68.5 per kg.
Sold = 100 kg
Selling Price = 100 * 68.5
=> Selling Price = 6850 Rs
SP > CP
=> GAIN
Gain = SP - CP
= 6850 - 5500
= 1350
Amount gained in the transaction is Rs 1350
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