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Question
Ajit Kaur bought a 50 kg sack of sugar for Rs 1750, but as sugar prices fell she had to sell it at Rs 32 per kg. How much loss did she incur?
Solution
Cost price of 50 kg of sugar = Rs 1750
Selling price of 1 kg of sugar = Rs 32
∴ Selling price of 50 kg of sugar = 50 × 32 = Rs 1600
Since selling price is less than cost price, so there is a loss.
Loss = Cost Price − Selling Price
= 1750 − 1600
= Rs 150
∴ Ajit Kaur incurred a loss of Rs 150 in this transaction.
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