Question

Anupat bought 250 kg of rice at the rate of 60 per kg. He spent rupees 20 per kg for transportation. If she sold all rice for rupees 16000, what percent of profit or loss?

Answer 1

Normally 250 kg of rice costs 15000. As it comes to transportation for 250 kg of rice he spends rupees 5000. He has loss which comprise rupees 4000. Hope this helps? My English is okay? Because I’m a Turkish.

Answer 2

Anupat incurred a 20% loss on the transaction by selling the rice, which was bought and transported at a total cost of 20,000 rupees, for only 16,000 rupees.

Step-by-step explanation:

Anupat bought 250 kg of rice at a rate of 60 rupees per kg and spent an additional 20 rupees per kg on transportation. This means the total cost of the rice per kg is 60 + 20, which equals 80 rupees per kg. To calculate the total cost, multiply the cost per kg by the total amount of rice, resulting in 250 kg × 80 rupees/kg = 20,000 rupees. Anupat then sold all the rice for a total of 16,000 rupees. To determine the profit or loss percentage, subtract the selling price from the total cost and divide by the total cost, then multiply by 100 to get the percentage.

Profit/Loss Percentage = ((Selling Price - Total Cost) / Total Cost) × 100
= ((16,000 - 20,000) / 20,000) × 100
= (-4,000 / 20,000) × 100
= -20%

Therefore, Anupat incurred a loss of 20% on the transaction.