Railways Exam  >  Railways Questions  >  A trader bought 10 kg of rice at Rs. 400 per ... Start Learning for Free
A trader bought 10 kg of rice at Rs. 400 per kg. He sold half the quantity at 20% loss and remaining at 10% profit. What was his net profit or loss in percentage?
  • a)
    5% loss
  • b)
    5% gain
  • c)
    10% loss
  • d)
    10% gain
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
A trader bought 10 kg of rice at Rs. 400 per kg. He sold half the quan...
Cost price of 10 kg of rice = Rs. 400 × 10 = Rs. 4000
Cost price of 5 kg of rice = Rs. 2000 and the cost price of the remaining 5 kg of rice = Rs. 2000
Also given that trader got 20% loss for half of the quantity
We know that loss% = (CP - SP)/CP × 100
⇒ 20 = (2000 - SP)/2000 × 100
⇒ 200000 - 40000 = 100SP
⇒ SP = Rs. 1600
∴ Loss for first half = 2000 - 1600 = Rs. 400
Also given that profit for second half is 10%
⇒ 10 = (SP - 2000)/2000 × 100
⇒ 100SP = 20000 + 200000
⇒ SP = 2200
∴ Profit for second half = 2200 - 2000 = Rs. 200
∴ Net there is a loss of Rs. 200
Final loss % = (net loss/total cost price × 100) = 200/4000 × 100 = 5%
View all questions of this test
Most Upvoted Answer
A trader bought 10 kg of rice at Rs. 400 per kg. He sold half the quan...
Solution:

Given, the trader bought 10 kg of rice at Rs.400 per kg.

So, the cost price of 10 kg of rice = 10 x 400 = Rs. 4000

He sold half the quantity i.e., 5 kg at 20% loss.

The selling price of 5 kg rice = 5 x 400 x (100-20)/100 = Rs. 1600

He sold the remaining 5 kg of rice at 10% profit.

The selling price of 5 kg rice = 5 x 400 x (100+10)/100 = Rs. 2200

Now, we need to find the net profit or loss percentage.

Calculation:

Total cost price = Rs. 4000

Total selling price = Rs. 1600 + Rs. 2200 = Rs. 3800

Total loss = Rs. 4000 - Rs. 3800 = Rs. 200

Net loss percentage = (Total loss / Total cost price) x 100

= (200 / 4000) x 100

= 5%

Therefore, the net profit or loss percentage is 5% loss.

Hence, option (a) is the correct answer.
Explore Courses for Railways exam
A trader bought 10 kg of rice at Rs. 400 per kg. He sold half the quantity at 20% loss and remaining at 10% profit. What was his net profit or loss in percentage?a)5% lossb)5% gainc)10% lossd)10% gainCorrect answer is option 'A'. Can you explain this answer?
Question Description
A trader bought 10 kg of rice at Rs. 400 per kg. He sold half the quantity at 20% loss and remaining at 10% profit. What was his net profit or loss in percentage?a)5% lossb)5% gainc)10% lossd)10% gainCorrect answer is option 'A'. Can you explain this answer? for Railways 2024 is part of Railways preparation. The Question and answers have been prepared according to the Railways exam syllabus. Information about A trader bought 10 kg of rice at Rs. 400 per kg. He sold half the quantity at 20% loss and remaining at 10% profit. What was his net profit or loss in percentage?a)5% lossb)5% gainc)10% lossd)10% gainCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Railways 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A trader bought 10 kg of rice at Rs. 400 per kg. He sold half the quantity at 20% loss and remaining at 10% profit. What was his net profit or loss in percentage?a)5% lossb)5% gainc)10% lossd)10% gainCorrect answer is option 'A'. Can you explain this answer?.
Solutions for A trader bought 10 kg of rice at Rs. 400 per kg. He sold half the quantity at 20% loss and remaining at 10% profit. What was his net profit or loss in percentage?a)5% lossb)5% gainc)10% lossd)10% gainCorrect answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for Railways. Download more important topics, notes, lectures and mock test series for Railways Exam by signing up for free.
Here you can find the meaning of A trader bought 10 kg of rice at Rs. 400 per kg. He sold half the quantity at 20% loss and remaining at 10% profit. What was his net profit or loss in percentage?a)5% lossb)5% gainc)10% lossd)10% gainCorrect answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of A trader bought 10 kg of rice at Rs. 400 per kg. He sold half the quantity at 20% loss and remaining at 10% profit. What was his net profit or loss in percentage?a)5% lossb)5% gainc)10% lossd)10% gainCorrect answer is option 'A'. Can you explain this answer?, a detailed solution for A trader bought 10 kg of rice at Rs. 400 per kg. He sold half the quantity at 20% loss and remaining at 10% profit. What was his net profit or loss in percentage?a)5% lossb)5% gainc)10% lossd)10% gainCorrect answer is option 'A'. Can you explain this answer? has been provided alongside types of A trader bought 10 kg of rice at Rs. 400 per kg. He sold half the quantity at 20% loss and remaining at 10% profit. What was his net profit or loss in percentage?a)5% lossb)5% gainc)10% lossd)10% gainCorrect answer is option 'A'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice A trader bought 10 kg of rice at Rs. 400 per kg. He sold half the quantity at 20% loss and remaining at 10% profit. What was his net profit or loss in percentage?a)5% lossb)5% gainc)10% lossd)10% gainCorrect answer is option 'A'. Can you explain this answer? tests, examples and also practice Railways tests.
Explore Courses for Railways exam

Top Courses for Railways

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev