A shopkeeper Bought 2 LCD sets at rs 21,600 each. He sold one at a profit of 8% and other one at a loss of 5%, Find the loss or gain in the whole transaction?
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Answer:
Profit is 1.5%
Step-by-step explanation:
Given,
A shopkeeper Bought 2 LCD sets at rs 21,600 each.
CP=21600
He sold one at a profit of 8%
SP=((100+gain)*CP)/100
SP=((100+8)*21600)/100
SP=23328
other one at a loss of 5%
SP=((100-loss)*CP)/100
SP=((100-5)*21600)/100
SP=20520
Total CP of 2 LCD sets are 21600*2=43200
Total SP of 2 LCD sets are 23328+20520=43848
SP is greater than CP so there will be profit
Profit=((SP-CP)/CP)*100
Profit=((43848-43200)/43200)*100
Profit=648/432
Profit=1.5%
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