Question

Question 5: X goes to the shopkeeper P to purchase a plant for Rs 350 and gives him a
1000-rupee note. P does not have the change and hence goes to shopkeeper Q to get the
change. He then gives X Rs 650. Later, Q realizes that the 1000-rupee note is a duplicate
note and asks P to return his money. P returns the money. What is the loss incurred by P if
it is given that P sold the plant at a profit of 25%?​

Answer 1

Answer:

The required answer is  $930.$

Step-by-step explanation:

Consider that P starts out with no money. He just possesses the plant, which is valued at $Rs350$.

Cost Price $=\frac{350}{1.25}=$ $rs280$

$X$ gives $Rs1000$ to $P$ and $P$ gives that money to $Q$, in return for a bill for $Rs1000.$

Then he gives $X$ $Rs650$

$= > \mathrm{P}$ is left with $Rs350$

$Q$ then requests his $Rs1000$ back. P contributes $Rs350$ but owes $Rs650.$

His whole loss therefore amounts to $Rs650$ plus $Rs280$ for the cost of the plant.

Therefore, the total loss $=650+280=$ $Rs930$

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