Question
In a fruit shop, there are 750 fruits in total.
Unfortunately, 20% of them are rotten and unsellable. From the good fruits left, half are sold at the cost price of Rs. 50 each, while the other half are sold with a 20% profit margin. Calculate the total profit or loss amount, considering that the rotten fruits generate no revenue.Solution
Total cost price of the fruits = (750 X 50) = Rs. 37,500 Number of fruits rotten = (0.20 X 750) = 150 So, remaining fruits = (750 - 150) = 600 Overall selling price of fruits sold at cost price = (0.50 X 600 X 50) = Rs 15,000 Overall selling price of fruits sold at 20% profit = (300 X 1.20 X 50) = Rs 18,000 Total selling price = (15000 + 18000) = Rs 33,000 Loss amount = (37500 - 33000) = Rs 4,500
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