a shopkeeper bought two t.v slots at 10,000 each he sold one at a profit of 10% and another at the loss of 10% find his total profit and loss
Answers
Answer:
No gain, No loss
Step-by-step explanation:
Given that he bought 2 TV at 10,000 each.
Total cost price of 2 TV's = 20,000.
(i)
He sold one at a profit of 10,000
= 10% of 10000
= 10/100 * 10000
= 1000.
∴ Selling price = Cost price + Profit
= 10000 + 1000
= 11000.
(ii)
He sold another at a loss of 10%.
= 10% of 10000
= (10/100) * 10000
= 1000.
∴ Selling price = Cost price - Loss
= 10000 - 1000
= 9000.
Now,
Total Selling price = 11000 + 9000 = 20000.
Total cost price = 20000.
Here Selling price = Cost price.
Neither gain nor loss has occured.
Hope it helps!
1st t.v. 2nd t.v
c.p.= rs 10000 c.p. = rs 10000
after selling made a profit of after selling t.v. he incurred a loss of
10 % 10 %
therefore profit therefore loss
p= profit% x c.p. L=loss% x c.p
p= 10/100 x 10000 L= 10/100 x 10000
p = rs 1000 L =rs 1000
therefore selling price therefore selling price
c.p. + profit c.p. - loss
10000 + 1000 10000-1000
rs 11000 rs 9000