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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
₹40 loss
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B
₹25 profit
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C
₹100 loss
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D
₹50 loss
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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

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