Question

5. A VCR and TV were bought for ? 8,000 each. The shopkeeper made a
loss of 4% on the VCR and a profit of 8% on the TV. Find the gain or loSs
percent on the whole transaction.​

Answer 1

Answer:

Profit = 2%

Explanation:

Cost price of VCR = 8,000

Cost price of TV = 8,000

Total Cost price = 16,000

VCR : Loss = 4%

C.P of each article = 100

Then selling frice = 100-4-96

when cost price is 1 then SP = 96/100

When CP is 8,000 then SP = 96/100 ×8000

= 96×80

= 7,680

So, selling price of VCR = 7,680

TV : Profit = 8%

Cost price of each article = 100 then

S.P = 100 + 8 = 108

When CP is 1 then SP = 108/100

When CP is 8000 then SP = 108/100×8000

= 108 × 80

= 8,640

So, selling price of TV = 8,640

Total SP of TV and VCR =7,680+8,640

= 16,320

SP > CP

Profit = S.P - C.P

= 16,320 - 16,000

=320

Profit% = Profit/C.P × 100%

320/16,000 × 100%

= 2%

So, Profit% = 2%,,