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Loss Percent

Somesh bought...

Question

Somesh bought a case of 50 apples for Rs 260. He sold all the apples at Rs 5 per apple. How much was his profit or his loss?

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Solution

Cost price of 50 apples = Rs 260

Selling price of an apple = Rs 5

$∴$ Selling price of 50 apples = Rs 50 $\times$ 5 = Rs 250

Here, the cost price is greater than the selling price.

So, he has incurred a loss.

Loss = CP – SP = Rs 260 – Rs 250 = Rs 10

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