Question

Sharad bought one quintal of onions for Rs 2000, Later he sold them all at the rate of rs 18 per kg. Did he make a profit or incur a lost? How much was it?

Answer 1

Cost price of $1$ quintal of onions$=$Rs.$2000$

We know that,$1$ quintal$=100$kg.

Selling price of $1$kg of onions$=$Rs.$18$

$\therefore$ Selling price of $100$kg(or $1$ quintal) of onions$=18\times 100=$Rs.$1800$

Since selling price is less than cost price, so there is a loss.

Loss$=$Cost price$-$Selling price.

$=2000-1800=$Rs.$200$

Hence, Sharad incurred a loss of Rs.$200$ in this transaction.