A shopkeeper sold 10 jute bags at the rate of rupees hundred each 100 plastic bottles at the rate of rupees 10 each if you got a profit of 12% in jute bags and 15% loss in plastic bottles what loss or profit he earned
Answers
The shopkeeper earned a loss of Rs.69.33 on the whole transaction.
In case of jute bags:
Selling price(S.P) of each jute bag= Rs. 100
No. of jute bags= 10
So the total S.P of jute bags= Rs.1000
Profit℅ = 12
As we know,
S.P =[ (Profit%+100)/100] *C.P [ C.P refers to cost price]
So, C.P = (100/112)* 1000
Or, C.P = Rs. 892.86
In case of plastic bottles:
Selling price(S.P) of each plastic bottle= Rs. 10
No. of plastic bottles= 100
So the total S.P of plastic bottles= Rs.1000
Loss℅ = 15
As we know,
S.P =[ (100-Loss%)/100] *C.P
So, C.P = (100/85)* 1000
Or, C.P = Rs. 1176.47
So total money spent by the shopkeeper= C.P of bottle+ C.P of jute bag= Rs. 892.86+ 1176.47 = Rs.2069.33
Total money received = S.P of both the products = Rs 2000
As C.P>S.P, there is loss
Loss= Rs. 2069.33-2000 = Rs. 69.33.