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Pramod bought 100 bunches of methi greens for Rs 400. In a sudden downpour, 30 of the bunches on his handcart got spoil. 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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Answer» Cost price of 100 bunches of methi green = Rs 400 Since, 30 bunches got spoil, ∴ Remaining bunches of methi green = 100 – 30 = 70 Selling price of 1 bunch of methi green = Rs 5 ∴ Selling price of 70 bunches of methi green = 5 x 70 = Rs 350 Cost price is greater than selling price ∴ Pramod suffered a loss. Loss = Cost price – Selling price = 400 – 350 = Rs 50 ∴ Pramod suffered a loss of Rs 50. |
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