a man
bought a television and a refrigerator for Rs 16000 and Rs 12000 respectively. He sold the television at a profit of 5% and the refrigerator at a loss of 6%. What is the overall profit or loss percent?
Answers
Answer:
overall profit of 0.29%
Step-by-step explanation:
Given, buying price of television is Rs 16000
and buying price of refrigerator is Rs 12000
His selling price of television with a 5% profit means he sold the television at:
Rs 16000 + Rs 16000 × 5%
= Rs 16000 + Rs 16000 × (5/100)
= Rs 16000 + (Rs 160 × 5)
= Rs 16000 + Rs 800
= Rs 16800
Similarly, His selling price of refrigerator with a 6% loss means he sold the television at:
Rs 12000 - Rs 12000 × 6%
= = Rs 12000 - Rs 12000 × (6/100)
= Rs 12000 - (Rs 120 × 6)
= Rs 12000 - Rs 720
= Rs 11280
So, total buying price = Rs. 16000 + Rs. 12000 = Rs. 28000
and total selling price = Rs 16800 + Rs 11280 = Rs. 28080
As total buying price < total selling price
so, there is a overall profit of Rs. 28080 - Rs. 28000 = Rs. 80
Hence, the overall profit percent is
80/28000 × 100
= 8/28
= 0.29%
Given : A man bought a television and a refrigerator for Rs 16000 and Rs 12000 respectively.
He sold the television at a profit of 5% and
the refrigerator at a loss of 6%.
To Find : the overall profit or loss percent
Solution:
Cost Price of television = Rs 16000
5% profit
television = (5/100) 16000 = Rs 800
Cost Price of refrigerator = Rs 12000
6% loss
Loss = (6/100) 12000 = Rs 720
Net profit = 800 - 720 = Rs 80
Total Cost Price = 16000 + 12000 = Rs 28000
Overall Profit % = (80/28000) * 100
= 8/28
= 2/7
= 0.2857 %
overall profit percentage = 0.2857 %
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