A shopkeeper bought wheat for 35000.Due to the leakage in the go down 1/7 of total wheat was spoiled.He sold good wheat at the gain of 10 percent and spoiled wheat at the loss of 20 percent.Find the total gain or loss percent.
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Answer:
8th
Maths
Comparing Quantities
Prices Related to Buying and Selling
A shopkeeper bought wheat f...
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Asked on December 26, 2019 by
Vinithagupta Mj
A shopkeeper bought wheat for Rs.35000. Due to leakage in the godown
7
1
th of the total wheat was spoiled. He sold the good wheat at a gain of 10% and the spoiled wheat at a loss of 25%. Find his total gain or loss per cent.
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ANSWER
Total cost of wheat Rs.35000
Wheat sold at loss =
7
1
×35000=5000
Loss =25%
Thus, SP =CP−Loss=5000−
100
25
×5000=5000−1250=Rs.3750
Wheat sold at profit =
7
6
×35000=30000
Gain =10%
Thus, SP=CP+Profit=30000+
100
10
×30000=Rs.33000
Total SP=3750+330000=Rs.36750
Hence, net profit =36750−35000=Rs.1750
Profit % =
35000
1750
×100=5%
Step-by-step explanation:
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Total cost of wheat Rs.35000
Wheat sold at loss = ⅐ ×35000=5000
Loss =25%
Thus, SP =CP−Loss=5000− 25/100
×5000=5000−1250=Rs.3750
Wheat sold at profit = 6/7×35000=30000
Gain =10%
Thus, SP=CP+Profit=30000+ 10/100 ×30000=Rs.33000
Total SP=3750+330000=Rs.36750
Hence, net profit =36750−35000=Rs.1750
Profit % = 1750/35000×100=5%