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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.
RELATED QUESTIONS
A retailer buys a cooler for Rs 1200 and overhead expenses on it are Rs 40. If he sells the cooler for Rs 1550, determine his profit percent.
A lady shopkeeper allows her customers 10% discount on the marked price of the goods and still gets a profit of 25%. What is the cost price of a fan for her marked at Rs 1250?
Fill up the appropriate boxes in the following table
| SI. No | C.P. in ₹ |
S.P. in ₹ |
Profit in ₹ |
Loss in ₹ |
| (i) | 100 | 120 | ||
| (ii) | 110 | 120 | ||
| (iii) | 120 | 20 | ||
| (iv) | 100 | 90 | ||
| (v) | 120 | 25 |
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Fazila - That sounds very good! Our calculations tell us that every month our Bank will earn Rs 44,000!
Check to see if you also get the same answer.
C.P. = M.P. – Discount.
The marked price of an article is Rs 500. The shopkeeper gives a discount of 5% and still makes a profit of 25%. Find the cost price of the article.
