Question

A shopkeeper sells two bicycles according to * 1188 each. On one, it is 10% loss on the second and 10% on the second. Find out its profit or loss percentage.

Answer 1

Answer:

5.26 % Loss

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Step-by-step explanation:

Cost Price of 1st Bicyvle = C1

Loss = (10/100)*C1= 0.1C1

Sell Price = C1 - 0.1C1 = 0.9C1

0.9C1 = 1188

C1 = 1320

Cost Price of 2nd BiCycle = C2

Profit = (10/100)*C2 = 0.1C2

Sell Price = C2+ 0.1C2 = 1.1 C2

1.1C2 = 1188

C2 = 1080

Total Cost Price = C1 + C2 = 1320 + 1188 = 2508

Total Sell Price = 2* 1188 = 2376

Loss = 2508 - 2376 = 132

Loss % = (132/2508) * 100 = 5.26 %