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
Answers
Answer:
Profit% = 4%
Step-by-step explanation:
Given,
CP of the refrigerator = 16,000
CP of the washing machine = 16,000
- The vendor made a loss of 8% on the refrigerator
We know that Loss% = Loss/CP x 100
Therefore,
8 = Loss/16,000 x 100
8 = Loss/160
Loss = 1280
We know that Loss = CP - SP
Therefore,
1280 = 16,000 - SP
SP = 14,720
- The vendor made a profit of 16% on the washing machine
We know that Profit% = Profit/CP x 100
16 = Profit/16,000 x 100
16 = Profit/160
Profit = 2560
We know that Profit = SP - CP
2560 = SP - 16000
SP = 18,560
Total SP = 14,720 + 18,560 = 33,280
Total CP = 16,000 + 16,000 = 32,000
As SP > CP,
Therefore,
There is a Profit
Profit = SP - CP = 33,280 - 32,000 = 1280
We know that,
Profit% = Profit/CP x 100 = 1280/32,000 x 100 = 4%
Answer:
4% is the answer
explanation :
CP of refrigerator = 16,000
loss on refrigerator = CP × loss %
= 16,000× 8/100
= 160×8
= 1280 Rs.
CP of washing machine = 16,000
profit on washing machine = CP × profit %
= 16,000 × 16/100
= 160×16
= 2560 Rs.
Net profit made by the vendor = 2560-1280
net profit = 1280 Rs.
Total price of both equipments = 2×16,000
= 32,000 Rs.
therefore, profit percent on whole transaction is
= 1280/32000 × 100
= 1280/320
= 128/32
= 4%