Question

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

Answer 1

Cost price(CP) of each article=₹8000
Profit of 8% on TV
Loss of 4% on VCR

C.P of TV= ₹8000

Profit on TV = Cost price × profit %
Profit on TV = 8%of 8000

=8000 ×(8/100)
= ₹640

C.P of VCR= ₹8000

Loss on VCR = Cost price × Loss %
Loss on VCR= 4% of 8000

=8000 ×(4/100)
= ₹320
.the shopkeeper gains net profit

Net Profit= 640 -320= 320

Total cost Price of both article= 8000+ 8000 =₹16000

Profit%= (profit/C.P)×100

Profit %= (320/16000) ×100
Profit % = 32/16

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