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A sales man bought 20 dot pens at the rate of 11 each and bought 30 dot pens at the rate of 14 each. He then sold all the dot pens at the rate of 12 each. Find his profit and loss?
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A sales man bought 20 dot pens at the rate of 11 each and bought 30 do...
Given Information:
A salesperson bought 20 dot pens at the rate of $11 each and bought 30 dot pens at the rate of $14 each. He then sold all the dot pens at the rate of $12 each.
To Find:
The profit or loss made by the salesperson.
Solution:
Step 1: Calculate the total cost price (CP) of the dot pens.
- 20 dot pens were bought at $11 each, so the cost of 20 dot pens = 20 * $11 = $<20*11=220>>220.
- 30 dot pens were bought at $14 each, so the cost of 30 dot pens = 30 * $14 = $<30*14=420>>420.
- Total cost price (CP) = $220 + $420 = $<220+420=640>>640.
Step 2: Calculate the total selling price (SP) of the dot pens.
- The salesperson sold all the dot pens, so the selling price of each pen = $12.
- Total selling price (SP) = (20 + 30) * $12 = $<50*12=600>>600.
Step 3: Calculate the profit or loss made by the salesperson.
- Profit or Loss (P/L) = SP - CP = $600 - $640 = -$40.
- Since the value is negative, it represents a loss.
Step 4: Calculate the loss percentage.
- Loss Percentage = (Loss / CP) * 100
- Loss Percentage = (-$40 / $640) * 100 = -6.25%
Conclusion:
The salesperson incurred a loss of $40, which is equal to a loss percentage of 6.25%.
A salesperson bought 20 dot pens at the rate of $11 each and bought 30 dot pens at the rate of $14 each. He then sold all the dot pens at the rate of $12 each.
To Find:
The profit or loss made by the salesperson.
Solution:
Step 1: Calculate the total cost price (CP) of the dot pens.
- 20 dot pens were bought at $11 each, so the cost of 20 dot pens = 20 * $11 = $<20*11=220>>220.
- 30 dot pens were bought at $14 each, so the cost of 30 dot pens = 30 * $14 = $<30*14=420>>420.
- Total cost price (CP) = $220 + $420 = $<220+420=640>>640.
Step 2: Calculate the total selling price (SP) of the dot pens.
- The salesperson sold all the dot pens, so the selling price of each pen = $12.
- Total selling price (SP) = (20 + 30) * $12 = $<50*12=600>>600.
Step 3: Calculate the profit or loss made by the salesperson.
- Profit or Loss (P/L) = SP - CP = $600 - $640 = -$40.
- Since the value is negative, it represents a loss.
Step 4: Calculate the loss percentage.
- Loss Percentage = (Loss / CP) * 100
- Loss Percentage = (-$40 / $640) * 100 = -6.25%
Conclusion:
The salesperson incurred a loss of $40, which is equal to a loss percentage of 6.25%.
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A sales man bought 20 dot pens at the rate of 11 each and bought 30 dot pens at the rate of 14 each. He then sold all the dot pens at the rate of 12 each. Find his profit and loss?
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A sales man bought 20 dot pens at the rate of 11 each and bought 30 dot pens at the rate of 14 each. He then sold all the dot pens at the rate of 12 each. Find his profit and loss? for Class 5 2024 is part of Class 5 preparation. The Question and answers have been prepared according to the Class 5 exam syllabus. Information about A sales man bought 20 dot pens at the rate of 11 each and bought 30 dot pens at the rate of 14 each. He then sold all the dot pens at the rate of 12 each. Find his profit and loss? covers all topics & solutions for Class 5 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A sales man bought 20 dot pens at the rate of 11 each and bought 30 dot pens at the rate of 14 each. He then sold all the dot pens at the rate of 12 each. Find his profit and loss?.
A sales man bought 20 dot pens at the rate of 11 each and bought 30 dot pens at the rate of 14 each. He then sold all the dot pens at the rate of 12 each. Find his profit and loss? for Class 5 2024 is part of Class 5 preparation. The Question and answers have been prepared according to the Class 5 exam syllabus. Information about A sales man bought 20 dot pens at the rate of 11 each and bought 30 dot pens at the rate of 14 each. He then sold all the dot pens at the rate of 12 each. Find his profit and loss? covers all topics & solutions for Class 5 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A sales man bought 20 dot pens at the rate of 11 each and bought 30 dot pens at the rate of 14 each. He then sold all the dot pens at the rate of 12 each. Find his profit and loss?.
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