Question

dealer buys 50 tables for 6000 each, but 35 of them got damaged. He spent 500 for every
damaged table. He sold all of them for 301625. Find his gain or loss %.
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Answer 1

Answer:

Cost of 1 table = 6000

Cost of 50 table = 6000 × 50

= Rs 300000

Now he spent 500 to repair 35 table.

Total cost of repairing = 500 × 35

= Rs 17500

Total money invested by dealer =

300000 + 17500

= Rs 317500

Selling price = 301625

It is clear that selling price is less than cost price so he has loss.

Loss amount = 317500 - 301625

= Rs 15875

$loss \: \% = \frac{loss}{selling \: price \: } \times 100 \\ \\ = \frac{15875}{317500} \times 100 \\ \\ = 0.05 \times 100 \\ \\ = 5\%$

So he had a loss of 5%.