Question

0.2) Sharad bought one quintal of onions for Rs 2000. Later he

sold them all at the rate of Rs 18 per kg. Did he make a profit
or incur a loss? How much was it?​

Answer 1

Answer: Loss, 200 Rs

Explanation:

Given

Sharad bought a quintal of onion i.e.
`1000\ kg` for
`Rs.\ 2000`

So, the cost price of onion is

`\Rightarrow (2000)/(100)=20\ \text{Rs per kg}`

He sells it at
`18\ \text{Rs. per kg}`

Here, the Selling price is less than the cost price

So, he incurs a loss of
`2\ \text{Rs per kg}`

For a quintal it is

`\Rightarrow 2* 100=200\ \text{Rs}`

`\Rightarrow \text{Loss }\ \%=(C.P.-S.P.)/(C.P.)* 100\\\\\Rightarrow \text{Loss }\ \%=(20-18)/(20)* 100=10\%`