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A shopkeeper has a dress costing Rs 400,...

A shopkeeper has a dress costing Rs 400, a bag for Rs175, and a pair of shoes for Rs 250 in his shop. He sells the dress for Rs 450, bag for Rs 175, and the shoes for Rs 220. Find the gain or loss on the three items sold by the shopkeeper.

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To find the gain or loss on the three items sold by the shopkeeper, we will follow these steps: ### Step 1: Identify the Cost Price (CP) and Selling Price (SP) of each item. - **Dress:** - Cost Price (CP) = Rs 400 - Selling Price (SP) = Rs 450 - **Bag:** - Cost Price (CP) = Rs 175 - Selling Price (SP) = Rs 175 - **Shoes:** - Cost Price (CP) = Rs 250 - Selling Price (SP) = Rs 220 ### Step 2: Calculate the Profit or Loss for each item. - **For the Dress:** - Profit = Selling Price - Cost Price - Profit = Rs 450 - Rs 400 = Rs 50 (Profit) - **For the Bag:** - Profit/Loss = Selling Price - Cost Price - Profit/Loss = Rs 175 - Rs 175 = Rs 0 (No Profit, No Loss) - **For the Shoes:** - Loss = Cost Price - Selling Price - Loss = Rs 250 - Rs 220 = Rs 30 (Loss) ### Step 3: Summarize the results. - **Total Profit from Dress:** Rs 50 - **Total Profit/Loss from Bag:** Rs 0 - **Total Loss from Shoes:** Rs 30 ### Step 4: Calculate the overall gain or loss. - Total Gain/Loss = Total Profit - Total Loss - Total Gain/Loss = Rs 50 - Rs 30 = Rs 20 (Net Profit) ### Final Answer: The shopkeeper has a net profit of Rs 20 on the three items sold. ---
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ICSE-PERCENTAGE, PROFIT AND LOSS-REVISION EXERCISE
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