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A shopkeeper purchased 500 pieces for Rs 20 each. However 50 pieces were spoiled in the way and had to be thrown away. The remaining were sold at Rs 25 each. Find the gain or loss %.
- a)18%
- b)15%
- c)12.5%
- d)none of these
Correct answer is option 'C'. Can you explain this answer?
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Verified Answer
A shopkeeper purchased 500 pieces for Rs 20 each. However 50 pieces we...
Number of pieces = 500
Cost per piece = 20
Therefore, total cost price = 500 * 20 = 10000
Number of spoiled pieces = 50
Then, number of pieces sold = 500 - 50 = 450
Selling price of each piece = 25
Therefore, total selling price = 450 * 25 = 11250
Since SP>CP, therefore it's a gain.
Gain % = [(SP - CP)/CP] * 100
= [(11250 - 10000)/10000] * 100
= (1250/10000) * 100
= 12.5 %
Most Upvoted Answer
A shopkeeper purchased 500 pieces for Rs 20 each. However 50 pieces we...
Given:
Number of pieces purchased = 500
Cost price per piece = Rs 20
Number of spoiled pieces = 50
Selling price per piece = Rs 25
To find: Gain or loss %
Solution:
1. Total cost price:
Cost price per piece * Number of pieces purchased = Rs 20 * 500 = Rs 10,000
2. Total selling price:
Number of remaining pieces = Number of pieces purchased - Number of spoiled pieces = 500 - 50 = 450
Selling price per piece * Number of remaining pieces = Rs 25 * 450 = Rs 11,250
3. Profit or loss:
Profit or loss = Total selling price - Total cost price = Rs 11,250 - Rs 10,000 = Rs 1,250
4. Gain or loss %:
Gain or loss % = (Profit or loss / Total cost price) * 100
= (1250 / 10000) * 100
= 12.5%
Therefore, the gain or loss percentage is 12.5%.
Hence, option C is the correct answer.
Number of pieces purchased = 500
Cost price per piece = Rs 20
Number of spoiled pieces = 50
Selling price per piece = Rs 25
To find: Gain or loss %
Solution:
1. Total cost price:
Cost price per piece * Number of pieces purchased = Rs 20 * 500 = Rs 10,000
2. Total selling price:
Number of remaining pieces = Number of pieces purchased - Number of spoiled pieces = 500 - 50 = 450
Selling price per piece * Number of remaining pieces = Rs 25 * 450 = Rs 11,250
3. Profit or loss:
Profit or loss = Total selling price - Total cost price = Rs 11,250 - Rs 10,000 = Rs 1,250
4. Gain or loss %:
Gain or loss % = (Profit or loss / Total cost price) * 100
= (1250 / 10000) * 100
= 12.5%
Therefore, the gain or loss percentage is 12.5%.
Hence, option C is the correct answer.
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A shopkeeper purchased 500 pieces for Rs 20 each. However 50 pieces were spoiled in the way and had to be thrown away. The remaining were sold at Rs 25 each. Find the gain or loss %.a)18%b)15%c)12.5%d)none of theseCorrect answer is option 'C'. Can you explain this answer?
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A shopkeeper purchased 500 pieces for Rs 20 each. However 50 pieces were spoiled in the way and had to be thrown away. The remaining were sold at Rs 25 each. Find the gain or loss %.a)18%b)15%c)12.5%d)none of theseCorrect answer is option 'C'. Can you explain this answer? for Class 8 2024 is part of Class 8 preparation. The Question and answers have been prepared according to the Class 8 exam syllabus. Information about A shopkeeper purchased 500 pieces for Rs 20 each. However 50 pieces were spoiled in the way and had to be thrown away. The remaining were sold at Rs 25 each. Find the gain or loss %.a)18%b)15%c)12.5%d)none of theseCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Class 8 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A shopkeeper purchased 500 pieces for Rs 20 each. However 50 pieces were spoiled in the way and had to be thrown away. The remaining were sold at Rs 25 each. Find the gain or loss %.a)18%b)15%c)12.5%d)none of theseCorrect answer is option 'C'. Can you explain this answer?.
A shopkeeper purchased 500 pieces for Rs 20 each. However 50 pieces were spoiled in the way and had to be thrown away. The remaining were sold at Rs 25 each. Find the gain or loss %.a)18%b)15%c)12.5%d)none of theseCorrect answer is option 'C'. Can you explain this answer? for Class 8 2024 is part of Class 8 preparation. The Question and answers have been prepared according to the Class 8 exam syllabus. Information about A shopkeeper purchased 500 pieces for Rs 20 each. However 50 pieces were spoiled in the way and had to be thrown away. The remaining were sold at Rs 25 each. Find the gain or loss %.a)18%b)15%c)12.5%d)none of theseCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Class 8 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A shopkeeper purchased 500 pieces for Rs 20 each. However 50 pieces were spoiled in the way and had to be thrown away. The remaining were sold at Rs 25 each. Find the gain or loss %.a)18%b)15%c)12.5%d)none of theseCorrect answer is option 'C'. Can you explain this answer?.
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A shopkeeper purchased 500 pieces for Rs 20 each. However 50 pieces were spoiled in the way and had to be thrown away. The remaining were sold at Rs 25 each. Find the gain or loss %.a)18%b)15%c)12.5%d)none of theseCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for A shopkeeper purchased 500 pieces for Rs 20 each. However 50 pieces were spoiled in the way and had to be thrown away. The remaining were sold at Rs 25 each. Find the gain or loss %.a)18%b)15%c)12.5%d)none of theseCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of A shopkeeper purchased 500 pieces for Rs 20 each. However 50 pieces were spoiled in the way and had to be thrown away. The remaining were sold at Rs 25 each. Find the gain or loss %.a)18%b)15%c)12.5%d)none of theseCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an
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