Question

A VCR and TV were bought for 8000 each. The shopkeeper made a loss of 4 percent on the VCR and a profit of 8 percent on the TV. Find the gain or loss percent on the whole transaction ​

Answer 1

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%

= 8% of 8000

= 8000 × 8/100

= 80 × 8

= Rs 640

Cost price of VCR = Rs 8000

Loss on VCR = Cost price × Loss%

= 4% of 8000

= 8000 × 4/100

= 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% = Profit/CP × 100

= 320/16000 × 100

=32/16

= 2%

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

Hope it helps..