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Question
A cobbler spends ₹75 on leather, ₹5 on strings and adhesives, and ₹20 on polishing on making a pair of shoes. He sells each pair for ₹50. How much profit/loss did he make?
A cobbler spends ₹75 on leather, ₹5 on strings and adhesives, and ₹20 on polishing on making a pair of shoes. He sells each pair for ₹50. How much profit/loss did he make?
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Solution
The correct option is D ₹50 loss
Money spent
on leather = ₹75
on strings and adhesives = ₹5
on polishing = ₹20
Total cost of one pair of shoes for cobbler = ₹(75 + 5 + 20) = ₹100
He, sells each pair at ₹50
∵ S.P < C.P
loss = C.P - S.P
⇒ loss incurred = 100- 50 = ₹50
Money spent
on leather = ₹75
on strings and adhesives = ₹5
on polishing = ₹20
Total cost of one pair of shoes for cobbler = ₹(75 + 5 + 20) = ₹100
He, sells each pair at ₹50
∵ S.P < C.P
loss = C.P - S.P
⇒ loss incurred = 100- 50 = ₹50
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