Question 13 Marks
A man bought some pencils for Rs. 30 and some pens for Rs. 90. The next day, he again bought some pencils for Rs. 25. Then he sold all the pencils for Rs. 20 and the pens for Rs. 70. What was his net gain or loss?
Answer
View full question & answer→Total cost price = Price of pencils + Price of pens
= 30 + 90 + 25
= Rs. 145
Total amount sold = Price of pen + Price of pencils
= 20 + 70
= Rs. 90
Selling price – Cost price = 90 – 145 = -55
The negative sign implies loss
Hence, his net loss was Rs. 55.
= 30 + 90 + 25
= Rs. 145
Total amount sold = Price of pen + Price of pencils
= 20 + 70
= Rs. 90
Selling price – Cost price = 90 – 145 = -55
The negative sign implies loss
Hence, his net loss was Rs. 55.