Question

Ramesh bought 40 metre rope for his shop at rupees 30 per metre and sold it at rupees 35 per metre .what is his gain or loss.

Answer 1

Answer:

Gain=Rs. 200

Step-by-step explanation:

Cost price of 40 m=40*30=1200

Selling price of 40m= 40*35=1400

Gain=selling price-cost price

=200 Rs.

Answer 2

There is a gain of Rs 200.

Step-by-step explanation:

We are given that Ramesh bought 40 metre rope for his shop at Rs. 30 per metre and sold it at Rs. 35 per metre.

Let the Cost price of rope be represented as 'C.P.'

and the selling price of rope be represented as 'S.P.'

Now, the C.P. of 1 metre of rope =  Rs 30

SO, the C.P. of 40 metre of rope =  Rs (30 $\times$ 40)

                                                      =   Rs 1,200.

Similarly, the S.P. of 1 metre of rope =  Rs 35

SO, the S.P. of 40 metre of rope =  Rs (35 $\times$ 40)

                                                      =   Rs 1,400.

To check if there is gain or loss;

• If the C.P. of an item is greater than the S.P. of an item, it means there is a loss.
• If the C.P. of an item is smaller than the S.P. of an item, it means there is a gain.

Now, in our question, S.P. of rope is greater than the C.P. of rope, which means there is a gain to Ramesh.

So, Ramesh gain =  Rs 1,400 - Rs 1,200

                             =  Rs 200.