Question

Pramod bought $50$ bunches of methi greens for $₹200$. In a sudden downpour, $10$ of the bunches on his handcart got spoilt. He sold the rest at the rate of $₹5$ each. Did he make a profit or a loss? How much?
[2 Marks]

Answer 1

Cost price of 50 bunches of methi greens $=₹200$
Number of bunches of methi greens spoilt $=10$
$\therefore$ Number of bunches left $=50-10$
$=40$
[0.5 Marks]
Selling price of 1 bunch of methi greens $=₹6$
So, selling price of 70 bunches of methi greens $=6\times 40$ $=₹240$
[0.5 Marks]
Since, the selling price is greater than cost price, so, there is a profit.
Profit = Selling price − Cost price
$=240-200$
$=₹40$
Hence, Pramod suffered a Profit of $₹40$ in this transaction.
[1 Mark]