A lady buys goods worth Rs.200 from a shop. (shopkeeper is selling the goods with zero profit). The lady gives him Rs.1000 note. The shopkeeper gets the change from the next shop and keeps Rs.200 for himself and returns Rs.800 to the lady. Later the shopkeeper of the next shop comes with the Rs.1000 note saying “duplicate” and takes his money back.How much LOSS did the shopkeeper face?
Question
A lady buys goods worth Rs.200 from a shop. (shopkeeper is selling the goods with zero profit). The lady gives him Rs.1000 note. The shopkeeper gets the change from the next shop and keeps Rs.200 for himself and returns Rs.800 to the lady. Later the shopkeeper of the next shop comes with the Rs.1000 note saying “duplicate” and takes his money back.How much LOSS did the shopkeeper face?
Solution
The shopkeeper faced a loss of Rs.1000. Here's how:
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The lady bought goods worth Rs.200. The shopkeeper made no profit on this, so we can ignore this for the calculation of loss.
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The shopkeeper gave the lady Rs.800 in change. This is a loss, because he gave out money that he did not recoup.
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The shopkeeper had to return the Rs.1000 note to the owner of the next shop, because it was a counterfeit note. This is also a loss, because he gave out money that he did not recoup.
So, the total loss is Rs.800 (change given to the lady) + Rs.1000 (returned to the next shop) = Rs.1800.
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