Question

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​

Answer 1

Answer:

so here we go,

Step-by-step explanation:

profit=16/100*16000

=16*160

=2560

loss=8/100*16000

=8*160

=1280

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Answer 2

Answer:

4%

explanation :

Cost price (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 articles = 2×16,000

= 32,000 Rs.

the profit % of one of the article is greater than the loss % of the other article. therefore, in the whole transaction there is a profit and not a loss.

therefore, profit percent on whole transaction is

= 1280/32000 × 100

= 1280/320

= 128/32

= 4%