Question

A shopkeeper brought 2 T.V sets at Rs.10,000 each. He sold one at a profit of 10% and another at a loss of 20%. Find his total loss or profit as percent

Answer 1

tcp =cp1+cp2 = 10000×2 =20000

profit1 = 10%

sp1 = 10000×(1+10%) = 11000

loss =20%

sp2= 10000×(1-20%) = 8000

tsp = sp1+sp2 = 19000

overall profit/loss = tsp-tcp / tcp ×100

= -1000/20000 ×100 % = -5%

overall 5% loss