Question

A shopkeeper bought wheat for S $35000$. Due to leakage in the godown $\frac{1}{7}$ of the total wheat was spoiled. He sold the good wheat at a gain of $10$% and the spoiled wheat at a loss of $25$%. Find its total gain or loss percent.

Answer 1

total cost be $x=35000$

$\frac{x}{7}=5000$ is spoiled

good wheat is $\frac{6x}{7}=30000$

$profit=\frac{10}{100}\ast 30000=3000$

$loss=\frac{25}{100}\ast 5000=1250$

$totalprofit=3000-1250=1750$