A trader bought 20 quintals of rubber sheets at19850 rupees a quintal.

1.	A trader bought 20 quintals of rubber sheets at19850 rupees a quintal. He spent 3000 rupees totake the load to the shop. Since prices went down,he had to sell them at 18250 rupees a quintal. Howmuch money did he lose?
Answer» Solution!! The concept of profit and loss has to be USED here. COST price (CP) of 1 quintal = Rs 19,850 CP of 20 quintals = Rs 19,850 × 20 CP of 20 quintals = Rs 3,97,000 The trader also SPENT Rs 3000 for shipping purpose. Total CP of 20 quintals = Rs 3,97,000 + Rs 3,000 Total CP of 20 quintals = Rs 4,00,000 Selling price (SP) of 1 quintal = Rs 18,250 SP of 20 quintals = Rs 18250 × 20 SP of 20 quintals = Rs 3,65,000 Total CP > Total SP Loss = CP - SP Loss = Rs 4,00,000 - Rs 3,65,000 Loss = Rs 35,000 Hence, the trader lost Rs 35,000. More information:- If SP>CP, then it is profit. If CP>SP, then it is loss. Profit = SP - CP Loss = CP - SP Profit% = (Profit/CP) × 100 Loss% = (Loss/CP) × 100 CP → Cost Price SP → Selling Price 1 quintal = 100 kg

A trader bought 20 quintals of rubber sheets at19850 rupees a quintal. He spent 3000 rupees totake the load to the shop. Since prices went down,he had to sell them at 18250 rupees a quintal. Howmuch money did he lose?

Answer»

The concept of profit and loss has to be USED here.

COST price (CP) of 1 quintal = Rs 19,850

CP of 20 quintals = Rs 19,850 × 20

CP of 20 quintals = Rs 3,97,000

The trader also SPENT Rs 3000 for shipping purpose.

Total CP of 20 quintals = Rs 3,97,000 + Rs 3,000

Total CP of 20 quintals = Rs 4,00,000

Selling price (SP) of 1 quintal = Rs 18,250

SP of 20 quintals = Rs 18250 × 20

SP of 20 quintals = Rs 3,65,000

Total CP > Total SP

Loss = CP - SP

Loss = Rs 4,00,000 - Rs 3,65,000

Loss = Rs 35,000

Hence, the trader lost Rs 35,000.

If SP>CP, then it is profit.

If CP>SP, then it is loss.

Profit = SP - CP

Loss = CP - SP

Profit% = (Profit/CP) × 100

Loss% = (Loss/CP) × 100

CP → Cost Price

SP → Selling Price

1 quintal = 100 kg