11 Two tables were sold at 990 each, one at a profit of 10% and the other at loss of 10%. What are the cost prices of each of the tables? In this sale, did the seller make a profit or loss? What is the percentage
of profit or loss?
Answers
Answer:
S.p of each table =Rs 990
C.P of first table = 100/100+10×990
= 100/110×990
=900
C.p of sec.table = 100/100-10×990
= 100/90 ×990
= Rs 1100
Total s.p = 990+990=1980
Total c.p = 900+1100=2000
Here c.p>s.p
Loss =c.p-s.p =2000-1980
=20
Loss% =loss/c.p×100=20/2000×100
=1%
Step-by-step explanation:
Let original price of table sold at 10% profit = x
110% of X = 990
110/100 × X = 990
11/10 × X = 990
x = 990 × 10/11
x = 9900/11
= 900
Original Price of the table sold at 10% = 900
but
the selling price was 990 = 990-900 = Rs. 90 (Profit)
Total Price of two tables = 990 + 990 = 1980
Original price of other table = 1980-900 = 1080
But selling price was 990 = 1080-990 = 90 (loss)
Profit - loss = 90-90 = 0
Therefore seller broke even.
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