Question

A shopkeeper sold 10 jute bags at the rate of 100 rupees each and 100 plastic bottles at the rate of 10 rupees each. If he got a profit of 12% in jute bags and 15% loss in plastic bottles. What loss or profit he earned​

Answer 1

He earned 989.4 rupees loss

Step-by-step explanation:

Given,

The selling price of each jute bags = 100 rupees,

Profit% in each jute bag = 12%,

So, the cost price of each bag =$\frac{100}{(100+12)}\times 100$

$=\frac{100}{112}\times 100$

$\approx 89.29$

Now, selling price of each plastic bag = 10 rupees,

loss% in each jute bag = 15%,

So, the cost price of each bag =$\frac{10}{(100-15)}\times 100$

$=\frac{10}{85}\times 100$

$\approx 11.77$

Thus the total selling price of 10 jute bags and 100 plastic bags = 89.29 × 10 + 11.77 × 100

= 892.9 + 117.7

= 1010.6,

While the cost price of 10 jute bags and 100 plastic bags = 10 × 100 + 100 × 10

= 1000 + 1000

= 2000

∵ Cost price > selling price

i.e. He earned loss,

Loss = CP - SP = 2000 - 1010.6 = 989.4 rupees

#Learn more:

Find profit /loss in the following cases. CP=850, SP= 732 , profit / loss= ?

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