A VCR and TV were bought for 8,000 each . The shopkeeper made a loss of 4% persent on the VCR and a profit of 8% on the tv. find the gain or loss percent on the whole transaction
Answers
Answered by
10
Cost price of VCR = Rs.8000 and Cost price of TV = Rs.8000
Total Cost Price of both articles
= Rs.8000 + Rs.8000 = Rs. 16,000
Now VCR is sold at 4% loss.
Let C.P. of each article be Rs.100, then S.P. of VCR = 100 – 4 = Rs.96
When C.P. is Rs.100, then S.P. = Rs.96
When C.P. is Rs.1, then S.P. = 96/100
When C.P. is Rs.8000, then S.P.
= 96/100 * 8000 = Rs.7,680
And TV is sold at 8% profit, then S.P. of TV = 100 + 8 = Rs.108
When C.P. is Rs.100, then S.P. = Rs.108
When C.P. is Rs.1, then S.P. = 108/100
When C.P. is Rs.8000, then S.P.
=108/100 * 8000 = Rs.8,640
Then, Total S.P.
= Rs.7,680 + Rs.8,640 = Rs. 16,320
Since S.P. >C.P.,
Therefore Profit = S.P. – C.P.
= 16320 – 16000 = Rs.320
And Profit% = Profit/cost price * 100
=320/16000 * 100 = 2%
Similar questions