Question

A shopkeeper sold 2 electronic gadget for rupees 44000 each. The shopkeeper made a loss of 12% on one and a profit of 10% on the other . Find his overall gain or loss

Answer 1

This is your answer

Answer 2

Concept:

The definition of loss includes having something or someone depart or be taken from you, feeling sorrow when something is gone, or experiencing a drop in wealth. The loss of a parent is an illustration of loss. When you lose a job, for instance, it is a loss. The sense of loss you get after losing a pet is one example. Benefit, in bookkeeping, is a pay disseminated to the proprietor in a beneficial market creation process. Benefit is a proportion of productivity which is the proprietor's significant premium in the pay development cycle of market creation.

Given:

Here it is given that a shopkeeper sold $2$ electronic gadget for rupees $44000$ each. The shopkeeper made a loss of $12$% on one and a profit of $10$% on the other.

Find:

We have to find his overall gain or loss.

Solution:

According to the question,

On the first gadget the CP is

$(100/[100-12])*44000\\=50000$

On the second product the CP is

$(100/[100+10])*44000\\=40000$

Here the total CP= $(50000+40000)=90000$

And total SP is $=(44000*2)=88000$

So here CP$>$ SP.

So, the loss is $(90000-88000)=2000$.

Hence his overall loss is $2000$.

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