Question

A shopkeeper bought wheat for ₹35000. Due to leakage in the godown 1/7 of the total wheat was spoiled. He sold good wheat at a gain of 10% and spoiled wheat at a loss of 25%. Find his total gain or loss percent.​

Answer 1

Answer:

5%

Step-by-step explanation:

So, the cost of spoiled wheat is 17×Rs35000 which is equal to Rs. 5000.

Hence, the cost price of spoiled wheat is Rs 5000.

As we know that the spoiled wheat was sold at 25% loss, so we can say that if the cost price is considered as 100% so the selling price is considered as (100−25)% or 75%.

So, we got the selling price of spoiled wheat is 75100×5000=Rs3750

So, the cost price of spoiled wheat is Rs.5000 and selling price of spoiled wheat is Rs.3750.

Now, let us find the cost price of the good wheat.

Now, we will consider the good quality of wheat whose cost price is Rs(35000−5000) which is Rs. 30000.

Hence, the cost price is Rs. 30000.

As we know good quality wheat was sold at 10% gain so we can say that, if the cost price is 100% then the selling price will be (100+10)% or 110% .

Hence, the selling price of good quality wheat is 110100×Rs30000 which is Rs. 33000.

So, the cost price of good quality wheat is Rs. 30000 and selling price is Rs. 33000.

Let us find the total selling price of the wheat that the shopkeeper bought.

Now the total selling price of the wheat is Rs.3750+Rs.30000=Rs.36750.

Let us now find the total profit/loss incurred to the shopkeeper.

Hence Profit = Total selling price − Total cost price

So, profit =Rs.36750−Rs.35000

=Rs.1750

We know that profit % =profitcost price×100%.

=175035000×100%.

=5%.

So, total profit is 5%.