A man sells one speaker for 7500 at a profit of 20% and another speaker for 8100 at a loss of 10%. Find his total loss or profit.
Answers
Answer:
profit = ₹ 350
Step-by-step explanation:
Answer of this question is profit of ₹ 350
GIVEN:
- Speaker 1
Selling Price=7500
Profit=20%
- Speaker 2
Selling Price =8100
Loss = 10%
To Find :
Total Loss or Profit
SOLUTION:
Formula to find Profit Or Loss is given by
Profit= Selling price -Cost price
Loss =Cost price -Selling Price
To find Profit or Loss, we should know the Cost price.
SPEAKER 1:
The formula to find Cost price using Selling Price & Profit Percentage is given by
Cost Price = (Selling Price) ×100 /(100+Profit percentage)
Cost Price = (7500×100)/(100+20)
Cost Price = 750000/120
Cost Price = 6250
The Cost Price for Speaker 1 is Rs.6,250.
By using the cost price & selling price we find the profit for speaker 1,
Profit= Selling price -Cost price
Profit =7500 - 6250
Profit = 1250
Speaker 2
Formula to find Cost Price using Loss percentage & Selling Price is given by,
Cost Price={100/(100-Loss%)×Selling Price}
Cost price = {100/(100-10)×8100}
Cost price = {(100/90)×8100}
Cost Price =9000
The Cost Price of speaker 2 is Rs.9,000
By using the cost price & selling price we find the loss for speaker 2,
Loss =Cost price -Selling Price
Loss = 9000 - 8100
Loss = 900
The profit he got from speaker 1 is Rs.1,250
The Loss he got from speaker 2 is Rs.900
The total profit he got from speaker 1 & speaker 2 =1250-900
=350
His Total Profit or Loss is Rs.350