Question

a shopkeeper bought tv sets at 10000 .after one year he sell in 8000. find the profit or loss. and also find in percentage

Answer 1

cost price of an TV set = Rs 10000

profit= 10 %

Selling price = ( 100+p/ 100) × C.P

= (100+10/100)× 10000

=110/100×10000

=11×10000

= Rs 11000

loss = 10%

selling price= (100-l/100) ×C.P

= 100 -10/100×10000

= 90/100× 10000

= 9 ×10000

=9000

total cost price= 10000+10000 = 20000

total selling price = 11000+9000 = 20000

here C.P = S.P

Therefore it's neither profit or loss