A dealer purchased $100$ quintals of wheat at $₹ 550$ a quintal. He spent $₹ 10000$ on transportation and storage. He then sold the wheat at $₹ 6.50 p e r k g$ . Find his profit or loss.

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Solution

A dealer buys $100$ quintals of wheat at $₹ 550$ a quintal.
The cost price of whole wheat $= ₹ 550 \times 100 = ₹ 55000$ .
Transportation and storage cost $= ₹ 10000$
The total cost price of wheat $= ₹ 10000 + ₹ 55000 = ₹ 65000$
Since wheat is sold at $₹ 6.50 p e r k g$ ,
therefore, the selling price of whole wheat $= ₹ 6.50 \times 100 \times 100 = ₹ 65000$ $(1 q u i n t a l = 100 k g)$
As the selling price is equal to the cost price, the shopkeeper neither makes a profit nor suffers a loss.

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A dealer purchased 100quintals of wheat at ₹550 a quintal. He spent ₹10000 on transportation and storage. He then sold the wheat at ₹6.50perkg. Find his profit or loss.

A dealer purchased $100$ quintals of wheat at $₹ 550$ a quintal. He spent $₹ 10000$ on transportation and storage. He then sold the wheat at $₹ 6.50 p e r k g$ . Find his profit or loss.