Question

A trader bought 20 quintals of rubber sheets at
19850 rupees a quintal. He spent 3000 rupees to
take the load to the shop. Since prices went down,
he had to sell them at 18250 rupees a quintal. How
much money did he lose?​

Answer 1

Answer :  Loss = Cp - Sp

19850 - 18250 = 1600 rupees

He had A Loss Of 1600 rupees.

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Answer 2

Solution!!

The concept of profit and loss has to be used here.

Cost price (CP) of 1 quintal = Rs 19,850

CP of 20 quintals = Rs 19,850 × 20

CP of 20 quintals = Rs 3,97,000

The trader also spent Rs 3000 for shipping purpose.

Total CP of 20 quintals = Rs 3,97,000 + Rs 3,000

Total CP of 20 quintals = Rs 4,00,000

Selling price (SP) of 1 quintal = Rs 18,250

SP of 20 quintals = Rs 18250 × 20

SP of 20 quintals = Rs 3,65,000

Total CP > Total SP

Loss = CP - SP

Loss = Rs 4,00,000 - Rs 3,65,000

Loss = Rs 35,000

Hence, the trader lost Rs 35,000.

More information:-

If SP>CP, then it is profit.

If CP>SP, then it is loss.

Profit = SP - CP

Loss = CP - SP

Profit% = (Profit/CP) × 100

Loss% = (Loss/CP) × 100

CP → Cost Price

SP → Selling Price

1 quintal = 100 kg