Question

A shopkeeper bought 20 dozen pastries for 3200. He sold the pastries at the rate of
9.50 per pastry. Find his loss or gain.
​

Answer 1

Answer:

A loss of $920

Step-by-step explanation:

Before we find the loss/gain, we must find how much pastries did the shopkeeper buy and sell in total.

A dozen-12

Therefore, we must multiply 12 by 20.

This gives us 240 pastries.

Our next step is to find the selling price of the total pastries.

240 pastries x $9.50 per pastry= 2280

If you compare the selling price with the cost price, you will find the cost price is higher, thus we say the shopkeeper made a loss.

To find out how much of a loss the shopkeeper made, we must subtract $2280 (selling price) from $3200 (cost price).

This will give an answer of $920.

Answer 2

The loss incurred by him is 920/-.

• When an object is bought at a certain amount buy a buyer, the amount at which the object is bought is known as the cost price of the object. The amount of money at which the object is sold is called selling price of the object.
• If the selling price of the object is greater than the cost price of the object, profit is achieved and the profit is found out by subtracting the cost price of the object from the selling price of the object.
• Now, finding the equivalent profit when the cost price is Rs. 100 is called the profit percentage.

Here, according to the given information, we are given that,

A shopkeeper bought 20 dozen pastries for 3200.

Then, cost price of the oranges =  3200.

Now, he sold the pastries at the rate of 9.50 per pastry.

Since there are 20 dozen pastries, we have the selling price as,

Selling price = $20.(12).9.50 = 2280.$

Then, the loss incurred = Cost price - Selling price = $3200-2280 = 920.$

Hence, the loss incurred by him is 920/-.

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