Question

Virat supplies 10 Air Conditioner at Selling Price of Rs. 30 000 per Air Conditioner to Ramesh on credit and earns a profit of 10%.Ramesh however became bankrupt and could pay only 72 paise in the rupee.How much did Virat lose? ​

Answer 1

Virat loses 84000

Solution :30000=1

30000=10

300000×0.72=216000

300000-216000=84000

Answer 2

Given: cost of one air conditioner$=Rs. 30000$.

Amount paid by Ramesh$=Rs. 0.72$

Profit Virat would have earned$=10$%

To find: Amount of money lost by Virat.

Solution:

Find total cost of 10 airconditioners.

$\[\begin{array}{l} = 10 \times 30000\\ = Rs.300000\end{array}\]$

Find the profit that could be earned by Virat.

Profit,

$\[\begin{array}{l} = \frac{{110}}{{100}} \times 300000\\ = 330000\end{array}\]$

Find the amount lost by Virat.

$330000-0.72=Rs.329999.28$

Hence, Virat lost $Rs. 329999.28$