Question
A trader purchased 132 dozens of mangoes at Rs.475 per dozen and could sell only 125 dozens at Rs.530 per dozen. What is the value of stock of mangoes in hand (in rupees)?
Solution
Purchased 132 dozens and sold only 125 dozens stock of mangoes in hand = 132 - 125 = 7 dozens = value per dozens = Rs 475 therefore, values of stock of mangoes in hand = 7 x 475 = 3325
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