A dealer bought 50 quintals of wheat at the rate of 800 per quintal. He paid 400 as octroi
charges and ? 600 as transportation charges. Then he sold the whole stock at 750 per
quintal. Find his profit or loss.
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A dealer bought 50 quintals of wheat at the rate of 800 per quintal. He paid 400 as octroi
charges and ? 600 as transportation charges. Then he sold the whole stock at 750 per
quintal. Find his profit or loss.
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Answer : \bold{Loss \: = \: Rs \: 3500}
Explanation -
Given :
Cost of Per quintal = Rs 800
Octori charges = Rs 400
Transportation charges = Rs 600
Selling price of per quintal = Rs 750.
Finding the cost of 50 quintals -
per quintal = Rs 800
50 quintals = 50 x 800 = 40,000
So, cost of 50 quintals = Rs 40,000
Add his octori and transportation charges -
40,000 + 600 + 400 = 41,000.
Cost Price = ₹ 41,000
Finding Selling price of 50 quintals -
per quintal = Rs 750
50 quintals = 50 x 750 = 37,500
So, the Selling Price of 50 quintals = ₹ 37,500
Finding Loss/Gain -
Here, CP is more than SP . CP > SP. Hence, loss.
Loss = Cost Price - Selling Price
Loss = 41,000 - 37,500
Loss = ₹ 3500.
Hence :
\bold{Loss \: = \: Rs \: 3500}
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Answer:
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Step-by-step explanation:
Find the cost price:
1 quintal = Rs 700
100 quintal = 700 x 100 = Rs70,000
Find the selling price of 50 quintal:
1 quintal = Rs 1000
50 quintal = 50 x 1000 = Rs 50,000
Find the remaining amount of quintal:
Remaining amount = 100 - 50 = 50 quintal
Find the selling price of the remaining quintal:
1 quintal = Rs 800
50 quintal = 800 x 50 = Rs 40,000
Find the total selling price:
Total = 50,000 + 40,000 = Rs 90,000
Find the gain:
Gain = Selling Price - Cost Price
Gain = 90,000 - 70,000 = Rs 20,000
Gain percentage = gain / cost price x 100
Gain percentage = 20,000/70,000 x 100 = 28.57%
The gain is Rs 20,000 and it is 28.57%