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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?
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Solution
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.
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