Question

sharad bought one quintal of potatoes for rs 22
00 later he sold them all at the rate of rs 25 per kg. did he make a profit incur a loss? How much was it​

Answer 1

Step-by-step explanation:

Cost price of 1 quintal of potatoes = Rs.2000

We know that, 1 quinta l= 100kg.

Selling price of 1kg of potatoes = Rs.18

∴ Selling price of 100kg(or 1 quintal) of potatoes =18×100= Rs.1800

Since selling price is less than cost price, so there is a loss.

Loss = Cost price − Selling price.

= 2000 − 1800 = Rs.200

Hence, Sharad incurred a loss of Rs.200 in this transaction.

Hope it helps you mate..