Question

A shopkeeper purchase two showpieces, one for Rs. 1,000 and other for Rs. 2,000. Then he sold them for Rs. 950 and 2100. Find his profit / loss percentage overall.​

Answer 1

Step-by-step explanation:

now let's find profit or loss

total c. p=3000

total s. p=3050

observe the c. p and s. p , s. p>c.p then it is profit

profit = 50

profit percentage = p/c.p *100

p%=50/3000 *100

=0.01666... *100

=1.666...

Answer 2

Answer:

The overall Profit Percentage will be 1.6%.

Step-by-step explanation:

Given,

Let two showpieces be A and B having a price of Rs. 1,000 and Rs. 2,000.

Then he sold A at Rs. 950 and B at Rs. 2100,

Step 1:- To find the profit and loss percentage overall, we have to use the formula,

⇒ Profit = Selling Price (SP) - Cost Price (CP)

⇒ Profit Percentage = $\frac{\text { Profit }}{\text { CostPrice }(\text { C.P) }} \times 100$

Step 2:- As we know,

⇒ Profit = Selling Price (SP) - Cost Price (CP)

⇒ Profit = ( 950 + 2100 ) - ( 1000 + 2000 )

⇒ Profit = 3050 - 3000

⇒ Profit = 50rs. --------(i)

Step 3:- Now have to find the Profit Percentage,

⇒ Profit Percentage = $\frac{\text { Profit }}{\text { CostPrice }(\text { C.P) }} \times 100$

⇒ Profit Percentage = $\frac{50}{3000} \times 100$

⇒ Profit Percentage = 1.6 %    [After simplifying we get]

∵ The Selling Price is more than Cost Price, which means he got a profit rather than a loss.

∴ The overall Profit Percentage will be 1.6%.

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