A store purchased 500 pieces of an article at Rs.150 per piece.It sold the first 100 pieces making 20% profit and sold all the remaining for a total of Rs.36 000 .What is the net profit or loss percent for the entire transaction?
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a store purchase 590 pice 100btital profit or loss
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Answer:
It's 28% loss.
Step-by-step explanation:
No. of articles: 500
Price per article: Rs. 150
Total CP for all articles: Rs. 150 * 500 = Rs. 75000
Profit for selling the first 100 pieces: 20% of CP = Rs. (20 / 100) * (150 * 100) = Rs. 3000
Loss for selling the remaining 400 articles: Rs. (150 * 400) - 36000 = Rs. 24000
Net Loss = Rs. 21000
Net Loss %: 21000 / 75000 * 100 = 28%
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