A VCR and TV were bought for $8000 each. The shopkeeper made a loss of 4% on the VCR and a profit of 8%on the TV . find the gain or loss precent on the whole transaction.
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Answer:
Step-by-step explanation:
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
=8000×
100
8
=80×8
=Rs. 640
Cost Price of VCR =Rs. 8000
Loss on VCR = Cost price × Loss %
Loss on VCR=4% of 8000
=8000×
100
4
=80×4
=Rs. 320
Since profit is more than loss,
Hence, the shopkeeper gains net profit
Net Profit=640−320=Rs. 320
Now
Total cost Price of both article=8000+8000=Rs. 16000
Profit(%)=
C.P
profit
×100
Profit (%)=
16000
320
×100
Profit(%)=
16
32
Profit(%)=2%
Hence, the gain in the whole transaction =2%
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