A person purchased ten boxes of grapes at a cost of ₹2,000 per box. Each box contained 20 kgs of grapes. He sold each box at the rate of ₹2,500 per box. But on the whole 10 kgs of grapes were damaged. Further, he paid ₹1,000 as transport charges. Find his gain or loss.
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. Gain, ₹2,750.
Total cost price = 10 × 2,000 + 1,000 = 21,000
Damaged grapes = 10 ÷ 20 = 0.5 box
Actual boxes sold = 10 − 0.5 = 9.5 boxes
Total selling price = 9.5 × 2,500 = 23,750
Profit = 23,750 − 21,000 = 2,750