Mahesh sells a quintal of rice for 924 rupees and earns a profit of 12% by selling a quintal of wait for the same amount you losses 12% find Mahesh over all profit or loss per cent
Answers
Answer:
924=12=12=Answer is 948
Step-by-step explanation:
Complete step-by-step solution:
Given: - Mahesh sells a quintal of rice and wheat for Rs 924.
He earns a profit of 12% on rice and a loss of 12% on wheat.
(A) The formula to calculate the cost price is,
CP=100/100+P%xSP
Substitute the values,
⇒CP=
100/100+12x924
Add the terms in the numerator,
⇒CP=100/112×924
Simplify the terms,
∴CP=825
So, the cost price of a quintal of rice is Rs. 825.
Now, the cost of 1 kg of rice is,
⇒Cost of 1 kg of rice=825/100
Divide the numerator by denominator,
⇒Cost of 1 kg of rice=8.25
Hence, the cost price of 1 kg of rice is Rs. 8.25.
(B) The formula to calculate the cost price is,
CP=
100/100−L%×SP
Substitute the values,
⇒CP=
100/100−12×924
Add the terms in the numerator,
⇒CP=100/88x924
Simplify the terms,
∴CP=1050
So, the cost price of a quintal of wheat is Rs. 1050.
Now, the cost of 1 kg of wheat is,
⇒Cost of 1 kg of wheat=1050/100
Divide the numerator by denominator,
⇒Cost of 1 kg of wheat=10.50
Hence, the cost price of 1 kg of wheat is Rs. 10.50.
(C) The total selling price will be the sum of the selling price of rice and wheat,
⇒Total selling price=924+924
Add the terms,
⇒Total selling price=1848
The total cost price will be the sum of the cost price of rice and wheat,
⇒Total cost price=825+1050
Add the terms,
⇒Total cost price=1875
Since, Total Cost Price > Total Selling Price. Then,
⇒Loss=TCP−TSP
Substitute the value,
⇒Loss=1875−1848
Subtract the values,
⇒Loss=27
The loss percentage can be calculated by the formula,
Loss%=loss/TCP×100
Substitute the values,
⇒Loss%= 27/1875
×100
Simplify the terms,
⇒Loss%=1.44%
Hence, Mahesh’s overall loss percent is 1.44%.