A trader quotes Rs. 45 for an article whose cost price is Rs. 30. The customer pays him a 50-rupee note. The trader does not have the change to give back Rs. 5 to the customer. He thus goes to a neighboring shop to get change for Rs. 50. The customer collects his balance Rs 5 The next day the neighboring shop owner realizes that the 50-rupee note was fake and demanded Rs. 50 back from the trader who give it. What is the total loss to the trader?

Rs. 80

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Rs. 85

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Rs. 35

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Rs. 40

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Solution

The correct option is C Rs. 35
Cost price of article=Rs. $30$
$∴$ Selling price =Rs. $45$
Profit made byselling the article =Rs. $15$
The seller gives back Rs. $50$ to the neighboring shop.
$∴$ Total loss =Rs. $(50 - 15) =$ Rs $35$

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The correct option is C Rs. 35Cost price of article=Rs.30∴ Selling price =Rs.45Profit made byselling the article =Rs.15The seller gives back Rs.50 to the neighboring shop.∴ Total loss =Rs.(50−15)= Rs35

The correct option is C Rs. 35
Cost price of article=Rs. $30$
$∴$ Selling price =Rs. $45$
Profit made byselling the article =Rs. $15$
The seller gives back Rs. $50$ to the neighboring shop.
$∴$ Total loss =Rs. $(50 - 15) =$ Rs $35$