A shopkeeper bought two television for 50000 each. He sold one of them at a loss of 29% and other at a gain of 25%.Find the profit or loss on the while transaction.
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Step-by-step explanation:
He sold one of them at a loss of 29% and other at a gain of 25%.Find the profit or loss on the while transaction. .
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Answer:
Loss of 2000 (2% loss)
Step-by-step explanation:
Total cost of both televisions = 50000 + 50000 = 100000
Final Price of first transaction(29% loss) = 50000(1 - 29/100)
= 50000 - 50000(29/100)
= 50000 - 14500 = 35500
Final Price of the second transaction(25% profit) = 50000(1 +25/100)
= 50000 + 50000(25/100)
= 50000 + 12500 = 62500
Total Selling Price = 62500 + 35500 = 98000
Bought for = 100000
Sold for = 98000
SP > CP, There is a loss
Loss = SP - CP
= 100000 - 98000 = 2000
Loss percentage =((Loss/ CP)*100)
= (2000/100000)
= 2% loss
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