grocer purchased 200 kg of rice at Rs. 25 per kg. He sold 80 kg of it at a gain of 10% and 40 kg at a loss of 4%. find his loss and gain percentage in whole transaction
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Purchase cost =200×25=Rs5,000
Selling price of 80 kg rice - at 10% gain ⇒ 110% of price
So money earned by selling 80 kg rice =
Selling price of 40 kg rice at a loss of 4% ⇒ 96% of price
Money earned by selling 40 kg
Remaining quantity =200−40−80=80kg
Total gain required = 8% ⇒
Overall money to be earned thru sales =
Money to be earned through sale of remaining 80 kg
=Rs5,400−Rs2,200−Rs960=Rs2,240
Selling price of the remainder rice =
hope its help u
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