Question

Ajit Kaur bought a 50 kg sack of sugar for Rs 1750, but as sugar prices fell she had to sell it at Rs 32 per kg. How much loss did she incur?

Answer 1

Cost price of 50 kg of sugar = Rs 1750
Selling price of 1 kg of sugar = Rs 32
∴ Selling price of 50 kg of sugar = 50 × 32 = Rs 1600
Since selling price is less than cost price, so there is a loss.
Loss = Cost Price − Selling Price
= 1750 − 1600
= Rs 150
∴ Ajit Kaur incurred a loss of Rs 150 in this transaction.