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A man sells some tea at a loss of 10% bu...

A man sells some tea at a loss of 10% but gives only 900 gm tea instead of 1 Kg. Find the profit or loss percent.

A

10% loss

B

10% gain

C

15% loss

D

No loss no gain

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we need to determine the selling price of the tea and then find out the profit or loss percentage based on the quantity sold. ### Step 1: Determine the Cost Price (CP) of 1 kg of tea Let’s assume the cost price (CP) of 1 kg (1000 g) of tea is Rs. 1000. ### Step 2: Calculate the Selling Price (SP) of 1 kg of tea at a loss of 10% Since the man sells the tea at a loss of 10%, we can calculate the selling price (SP) as follows: \[ \text{Loss} = 10\% \text{ of CP} = 10\% \text{ of } 1000 = \frac{10}{100} \times 1000 = 100 \] Now, subtract the loss from the cost price to find the selling price: \[ \text{SP} = \text{CP} - \text{Loss} = 1000 - 100 = 900 \] ### Step 3: Calculate the effective selling price for 900 g of tea The man gives only 900 g of tea instead of 1 kg. Since he sells 900 g for Rs. 900 (the selling price calculated above), we need to find the effective selling price per kg. To find the effective selling price for 1 kg (1000 g), we can set up a proportion: \[ \text{Effective SP for 1 kg} = \frac{\text{SP for 900 g}}{900} \times 1000 = \frac{900}{900} \times 1000 = 1000 \] ### Step 4: Calculate the profit or loss Now, we compare the effective selling price for 1 kg with the cost price: - Cost Price (CP) of 1 kg = Rs. 1000 - Effective Selling Price (SP) for 1 kg = Rs. 1000 Since the effective selling price equals the cost price, there is no profit or loss. ### Conclusion The profit or loss percentage can be calculated as follows: \[ \text{Profit or Loss} = \text{Effective SP} - \text{CP} = 1000 - 1000 = 0 \] Thus, the profit or loss percentage is: \[ \text{Profit or Loss Percentage} = \left(\frac{\text{Profit or Loss}}{\text{CP}}\right) \times 100 = \left(\frac{0}{1000}\right) \times 100 = 0\% \] ### Final Answer The man neither makes a profit nor incurs a loss; the profit or loss percentage is **0%**. ---
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