A trader bought 20 quintals of rubber sheets at 19850 rupee a quintal.He spent 3000 rupee to take the load to shop.since prices went down,he had to sell them at 18250 rupee a quintal.How much money did he lose?
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Trader Lost RS 35000 ( Loss of 8.75%)
Step-by-step explanation:
A trader bought 20 quintals of rubber sheets at 19850 rupee a quintal
Amount Paid for 20 Quintals of rubber sheets = 20 * 19850
= 397000 Rs
spent 3000 rupee to take the load to shop
Total Cost Price = 397000 + 3000
= Rs 400000
sell them at 18250 rupee a quintal
Selling Price of 20 Quintals = 20 * 18250
= Rs 365000
Loss = 400000 - 365000
= 35000 Rs
Loss % = (35000/400000) * 100 = 8.75 %
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