a mam sold two articles for ₹17280 each.if he sold one of these at a profit of 8% and the other at a loss of 4% find his overall profit or loss %
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Step-by-step explanation:
first case
sale price = 17280
profit = 8%
cost price = sale price / (1+profit/100)
= 17280/(1+8/100)
= 17280*100/108
=16000.
second case
sale price = 17280
loss= 4%
cost price = sale price/(1-loss/100)
= 17280/(1-4/100)
=17280*100/96
= 17280*25/24
= 18000
Now,
total cost price = 16000+18000= 34000
total sale price = 17280+17280= 34560
so there is profit
profit= 34560-34000
= 560
%profit = profit*100/cost price
= 560*100/34000
=56/34
=28/17
percent
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