Question

2 chairs sold for 500 each one at 20%profit another at 12 %loss.what is the profit or loss percentage

Answer 1

4% profit on selling price....

Answer 2

Hi mate here is ur ans
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Sol.
S.p. of 1nd chair=500/-
Profit%=20%
Profit=20/100 ×500
=100/-
Profit=s.p.-c.p.
100=500-c.p.
C.p.=400
S.p.of 2nd chair=500/-
Loss%=12%
Loss=12/100 ×500
=60/-
Loss=c.p.-s.p.
60=c.p.-500
C.p.=560
Total c.p.=400+560
=960
Total s.p.=500+500
=1000
Profit =s.p.-c.p.
=1000-960
=40
Profit%=40/960 ×100
=4.62%
Thanks