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If a shop-keeper purchases cashewnut at ...

If a shop-keeper purchases cashewnut at Rs. 250 per kg. and sells it at Rs. 10 per 50 grams, then he will have

A

25%Loss

B

25%Profit

C

20%Profit

D

20%Loss

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem of determining the profit or loss incurred by the shopkeeper, we will follow these steps: ### Step 1: Determine the Cost Price (CP) The cost price of cashew nuts is given as Rs. 250 per kg. ### Step 2: Determine the Selling Price (SP) The selling price is given as Rs. 10 for 50 grams. To find the selling price for 1 kg (1000 grams), we need to calculate how many 50-gram portions are in 1 kg. - 1 kg = 1000 grams - Number of 50-gram portions in 1 kg = 1000 grams / 50 grams = 20 portions Now, we can calculate the selling price for 1 kg: - Selling Price for 1 kg = 20 portions × Rs. 10 = Rs. 200 ### Step 3: Calculate Profit or Loss Now that we have both the cost price and the selling price, we can determine if there is a profit or a loss. - Cost Price (CP) = Rs. 250 - Selling Price (SP) = Rs. 200 To find the loss: - Loss = Cost Price - Selling Price - Loss = Rs. 250 - Rs. 200 = Rs. 50 ### Step 4: Calculate the Loss Percentage To find the loss percentage, we use the formula: \[ \text{Loss Percentage} = \left( \frac{\text{Loss}}{\text{Cost Price}} \right) \times 100 \] Substituting the values: \[ \text{Loss Percentage} = \left( \frac{50}{250} \right) \times 100 = 20\% \] ### Final Answer The shopkeeper incurs a loss of Rs. 50, which is a loss percentage of 20%. ---
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KIRAN PUBLICATION-PROFIT AND LOSS -TEST YOURSELF
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