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Company
Numerical Ability
Profit and Loss
Eesha has a wheat business. She purchases wheat from a local wholesaler of a particular cost per pound. The price of the wheat of her stores is $3 per kg. Her faulty spring balance reads 0.9 kg for a KG. Also in the festival season, she gives a 10% discount on the wheat. She found that she made neither a profit nor a loss in the festival season. At what price did Eesha purchase the wheat from the wholesaler ?
Read Solution (Total 3)
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- Faulty spring balance reads 0.9 kg for a kg " means that she sells 1 kg for the price of 0.9 kgs, so she looses 10% of the price because of the faulty spring balance. She looses another 10% because of the discount.
So, she actually sells 1 kg for $3×0.9×0.9=$2.43 and since at that price she made neither a profit nor a loss, then Eesha purchase the wheat from the wholesaler for $2.43.
- 10 years agoHelpfull: Yes(16) No(4)
- If we know that Eesha have to sell wheat at $3 per kg, but due to faulty spring balance she will measure only 0.9 kg i.e. $2.7
so, she will put discount on that 0.9 kg of wheat of 10%.
i.e $0.27
Hence the finally selling price will come as ($2.7-$0.27)= $2.43
since there is no gain or loss,
therefore C.P = S.P
i.e $2.43 - 10 years agoHelpfull: Yes(5) No(1)
- Answer is $2.43
Actuall selling price for 1 kg is $3×0.9×0.9=$2.43
And she made neither a profit nor a loss so she purchases wheat at $2.43
- 10 years agoHelpfull: Yes(3) No(2)
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