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Question
From a wholesaler, Santosh bought 400 eggs for Rs 1500 and spent Rs 300 on transport. 50 eggs fell down and broke. He sold the rest at Rs 5 each. Did he make a profit or a loss? How much?
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Solution
Cost price of 400 eggs = Rs 1500
Money spent on transport = Rs 300
Total cost price = cost of 400 eggs + Transport charges
= 1500 + 300
= Rs 1800
Number of eggs broken = 50
∴ Number of remaining eggs = 400 − 50 = 350
Selling price of 1 egg = Rs 5
∴ Selling price of 350 eggs = 5 × 350 = Rs 1750
That is, total selling price = Rs 1750
Since total selling price is less than total cost price, so there is a loss.
Loss = Total cost price − Total selling price
= 1800 − 1750
= Rs 50
∴ Santosh suffered a loss of Rs 50 in this transaction.
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