A man purchased sugar worth Rs. 400. He sold 3/4 at a loss of 10% and the reminder at a gain of 10%. On the whole he gets:
- C.P of 3/4th = Rs. (3/4 x 400) = Rs. 300,
C.P of 1/4th = Rs. 100
∴ Total S.P = (90% of Rs. 300 + 110% of Rs. 100) = Rs. 380
Loss = (20/400 x 100)% = 5%
Let's assume the quantity of sugar purchased by the man to be 1 unit and its cost price to be Rs. 400. Then,
Cost price of 1 unit of sugar = Rs. 400
Total cost price of sugar = Rs. 400 x 1 = Rs. 400
The man sold 3/4 of the sugar at a loss of 10%. So, the selling price of 3/4 unit of sugar can be calculated as:
Selling price of 3/4 unit of sugar = (1 - 10/100) x (3/4) x 400 = Rs. 270
The man sold the remaining 1/4 unit of sugar at a gain of 10%. So, the selling price of 1/4 unit of sugar can be calculated as:
Selling price of 1/4 unit of sugar = (1 + 10/100) x (1/4) x 400 = Rs. 110
The total selling price of sugar = Rs. 270 + Rs. 110 = Rs. 380
Therefore, the man incurred a loss of Rs. 400 - Rs. 380 = Rs. 20.
Now, the profit or loss percentage can be calculated as:
Profit or loss percentage = (Amount of profit or loss / Cost price) x 100%
= (20 / 400) x 100%
= 5%
Therefore, the man gets a loss of 5% on the whole (Option A).
Explanation:
- Cost price is the price at which a product is purchased by the seller.
- Selling price is the price at which a product is sold by the seller.
- Profit or loss is the difference between the selling price and the cost price.
- Profit or loss percentage is the percentage of the profit or loss with respect to the cost price.
- If a product is sold at a higher price than its cost price, the seller gets a profit, and if it is sold at a lower price than its cost price, the seller incurs a loss.
- To calculate the profit or loss percentage, we divide the amount of profit or loss by the cost price and multiply the result by 100%.
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