Question

A sofa set and a dining table set were bought for Rs. 8000 each. The shopkeeper made a loss of 4% on the sofa set but a profit of 8% on the dining table set . Find the gain or loss % on the entire transaction.

Answer 1

Answer:

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Step-by-step explanation:

A sofa set and a dining table set were bought for Rs. 8000 each. ... The shopkeeper made a loss of 4% on the sofa set but a profit of 8% on the dining table set . Find the gain or loss % on the entire transaction.

Answer 2

Answer:

Given:

Cost price(CP) of each article=Rs. 8000

Profit of 8% on TV

Loss of 4% on VCR

Cost price of TV =Rs. 8000

Profit on TV = Cost price × profit %

Profit on TV =8% of 8000

Cost Price of VCR =Rs. 8000

Loss on VCR = Cost price × Loss %

Loss on VCR=4% of 8000

Hence, the gain in the whole transaction =2%.