A man bought some pencils for ₹ 30 and some pens for ₹ 90. The next day, he again bought some pencils for ₹ 25. Then, he sold all the pencils for ₹ 20 and the pens for ₹ 70. What was his net gain or loss?

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Loss of 55 rupees

Profit of 55 rupees

Loss of 99 rupees

Profit of 100 rupees

answer is A.

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Detailed Solution

Net loss or gain = Total money gained on selling –Total money spent on buying
The man bought pencils for ₹ 30 and some pens for ₹ 90, again bought some pencils for ₹ 25.
Thus, the total money spent on buying is (30+90+25) ₹=145₹.
He sold all the pencils for ₹ 20 and the pens for ₹70.
Thus, the money gained on selling is (20+70) =₹90
Net loss or gain = Total money gained on selling –Total money spent on buying
= ₹90 –₹145
= –₹55
We know that the negative sign indicates a loss.
Therefore, he suffered a net loss of ₹55.
Hence, the correct option is 1.

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