Question

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.

Answer 1

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%