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A spice dealer bought 12 quintals of pepper at 11,000 rupees a quintal, expecting a price rise. He spent 1,000 rupees for cleaning the pepper. But the prices actually started to fall and so he sold this all at 10,500 rupees a quintal, to avoid heavier losses later. How much is his loss in this deal? |
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Answer» A spice dealer bought 12 quintals of pepper at 11,000 rupees a quintal, expecting a price rise. He spent 1,000 rupees for cleaning the pepper. But the prices actually started to fall and so he sold this all at 10,500 rupees a quintal, to avoid heavier losses later. How much is his loss in this deal? |
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