Question

A shopkeeper bought 12 shirts at the rate of ₹300 each and 20 trousers at the rate of ₹600 each. He sold all the shirts and trousers at a flat rate of ₹450 each. Find his gain or loss.
(4 Marks)

Answer 1

Solution:

Explanation:
Cost of each shirt = ₹300
Total number of shirts = 12
Cost of each trouser = ₹600
Total number of trousers = 20
Cost at which each shirt or trouser is sold = ₹450

Total cost of all the shirts = ₹300 × 12
= ₹3600
(0.5 Marks)
Total cost of all the trousers = ₹600 × 20
= ₹12,000
(0.5 Marks)
Total cost at which the shirts and trousers are purchased = ₹3600 + ₹12,000
= ₹15,600
(1 Mark)

Total shirts and trousers sold = 12 + 20 = 32
Price at which the shirts and trousers are sold = 32 × ₹450
= ₹14,400
(1 Mark)

So, the shopkeeper bought the shirts and trousers at more cost than the price at which he sold those.
Thus, the shopkeeper incurred a loss.
Loss = ₹15,600 - ₹14,400
= ₹1200
(1 Mark)