Question

Pramod bought 100 bunches of methi greens for Rs 400. In a sudden downpour, 30 of the bunches on his handcart got spoilt. He sold the rest at the rate of Rs 5 each. Did he make a profit or a loss? How much?

Answer 1

Cost price of 100 bunches of methi greens = Rs 400

Number of bunches of methi greens spoilt = 30

∴ Number of bunches left = 100 − 30 = 70

Selling price of 1 bunch of methi greens = Rs 5

So, selling price of 70 bunches of methi greens = 5 × 70 = Rs 350

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

Loss = Cost price − Selling price

= 400 − 350

= Rs 50

Hence, Pramod suffered a loss of Rs 50 in this transaction.