A refrigerator and washing machine where bought for rs 16,000 each . The vendor made a loss of 8% on refrigerator and profit of 16% on washing machine.find profit or loss percent on whole transaction
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answer 4%on profit
on refrigeretor cp=Rs.16000 loss%=8% so after using formula to find sp we obtain sp=rs. 14720 again on washing machine cp =rs. 16000 profit %=16% also after solving 2nd case we obtain sp =rs. 18560 ....so on total transaction sp = 33280 after adding two sp ...and total cp = 32000...so...sp is greater than cp.....so there is profit ....and uaing profit percent formula we can find p% =4%
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