Question

A shopkeeper buys 140 items at rs 2 each. on the way 20 items were broken. He sold the remaining items at rs 2.60 each. what is his profit/loss per cent ​

Answer 1

Step-by-step explanation:

No of items he bought=140

No of items broken=20

Remaining items=140-20=120

Price of each item=2rs

Price of 140 items=140x2=280rs

Price he sold 120 items for=2.60x120=312rs

Profit=SP-CP=312-280=32rs

Profit%=Profitx100/CP

=32x100/280

=3200/280

11.42%

Answer 2

Step-by-step explanation:

shopkeeper buys 140 items

each cost price ₹2

then the cost price of all iteams (140×2)= 280rupees

40 iteams were broken

then remening iteams are =(140-40) = 100

each sold ₹ 2.60

then selling price of all iteams (100×2.60)=260 rupees

cost price is more than selling price then item will loss

then loss=cost price- selling price

=280-260

= 20 rupees

loss percent;

= loss/cost price ×100

= 20/280 ×100

= 100/14 = 50/7

= 7 1/7%(ans)