Pramod bought 100 bunches of methigreens for 400. In a sudden downpour,30 of the bunches on his handcart gotspoilt. He sold the rest at the rate of5 each. Did he make a profit or a loss?How much?

Pramod bought 100 bunches of methigreens for 400. In a sudden downpour

1.	Pramod bought 100 bunches of methigreens for 400. In a sudden downpour,30 of the bunches on his handcart gotspoilt. He sold the rest at the rate of5 each. Did he make a profit or a loss?How much?
Answer» Cost price of 100 bunches of methi greens = Rs 400 Number of bunches of methi greens spoilt = 30 Number of bunches left = 100 - 30 = 70 Selling price of 1 bunch of methi greens = Rs 5 So, selling price of 70 bunches of methi greens = 5 x 70 = Rs 350 Since selling price is less than cost price, so there is a loss. Loss = Cost price - Selling price = 400 - 350 = Rs 50 Hence, Pramod suffered a loss of Rs 50 in this transaction.