Question

A man sells one speaker for 7,500 at a profit of 20% and another speaker for
8,100 at a loss of 10%. Find his total loss or profit.
(1) Loss = 300
(2)
Loss = 350
(3) Profit = 300
(4) Profit = 350​

Answer 1

Answer:

Here we have been provided the markup percentages. We can use this to find profit/loss amounts from Sales price by using the following formula:

Sales Price x Markup / (100+Markup)

So using this formula:

Product 1

Profit = 7500 x 20 / (100+20) = 1,250

Product 2

Loss = 8100 x 10 / (100–10) = 900

So total Profit = 1250–900 = 350

This can be checked as follows:

Explanation:

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