the grocer bought 2 quintals of rice at the rate of Rs.2500 per quintals.Due to tough competition in the market.He had to sell the same at the rate of Rs.22 per kg.Find the loss percent?
Answers
Answer:
one quintal = 100 kg
c.p = r.s 6250
s.p = r.s 65 × 100 = r.s 6500
gain = r.s 250
gain % = ( gain/c.p)X 100
= ( 250/6250) X 100
= 4 %
Step-by-step explanation:
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Given : The grocer bought 2 quintals of rice at the rate of Rs.2500 per quintals. Due to tough competition in the market he had to sell the same at the rate of Rs.22 per kg.
To find : The loss percent.
Solution :
We can simply solve this mathematical problem by using the following mathematical process. (our goal is to calculate the loss percent)
Now,
1 quintal = 100 kg
The rice was purchased at the rate of Rs. 2500 per quintal.
So,
Cost price of 1 quintal rice = Rs. 2500
or,
Cost price of 100 kg rice = Rs. 2500
Cost price of 1 kg rice = (2500/100) = Rs. 25
Now,
The selling price of 1 kg rice = Rs. 22
Loss amount while selling 1 kg rice :
= Cost price of 1 kg rice - Selling price of 1 kg rice
= 25 - 22
= Rs. 3
Loss percent :
= 100 × (Loss amount while selling 1 kg rice / Cost price of 1 kg price)
= 100 × (3/25)
= 12%
(This will be considered as the final result.)
Hence, the loss percent is 12%