Question

One man purchased a pair of Chappell from a shoe mart and tendered 2000 rupee note. Since there was insufficient change with the Shoe mart owner, he got the change from the adjacent shop and gave 1650 rupees to the man who purchased the Chappell. Sometime after the man left, the adjacent shop keeper came to the shoe mart and told that the currency he received was a counterfeit one. Together they burned the counterfeit note and the shoe mart owner paid the adjacent shop keeper 2000 rupees from his pocket and settled the issue. The question now is, how much is the loss incurred by the shoe mart owner in this transaction? More than 90% people got the answer wrong.

Answer 1

Answer:

loss%=100%.

Step-by-step explanation:

when shop man gave the Rs.350 shoes to customer, he got Rs.350.So, there is no loss no gain to him.But,when he gave Rs.2000 to another person he suffered a loss of Rs.2000.When both loss and cost are equal,of course loss is 100%.I cannot say

this with full confidence.So, if it is wrong just ignore it.I hope it helps.

Answer 2

So the total monetary loss is Rs. 3650 and upon adding the worth of goods it is Rs. 4000.

Step-by-step explanation:

In monetary terms the loss incurred by the shoe mart owner is the amount the he paid to the customer i.e. 1650 rupees and the amount that he paid to the adjacent shopkeeper which is 2000 rupees.

Now in terms of the commodity he loses the chappell worth 350 rupees.

So the total monetary loss is Rs. 3650.

And upon adding the worth of goods it is Rs. 4000.

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TOPIC: profit loss