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 $Rs. 55.$
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 $Rs. 55.$