Question

A VCR and TV were bought for Rs 8000 each. The shopkeeper made a loss of 4% on VCR and a profit on 8% on TV. Find the gain and loss Percent in whole transaction?
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Answer 1

Answer:

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Step-by-step explanation:

C.P. of a VCR = Rs 8000

The shopkeeper made a loss of 4 % on VCR.

This means if C.P. is Rs 100, then S.P. is Rs 96.

When C.P. is Rs 8000, S.P. = = Rs 7680

C.P. of a TV = Rs 8000

The shopkeeper made a profit of 8 % on TV.

This means that if C.P. is Rs 100, then S.P. is Rs 108.  

When C.P. is Rs 8000, S.P. = = Rs 8640

Total S.P. = Rs 7680 + Rs 8640 = Rs 16320

Total C.P. = Rs 8000 + Rs 8000 = Rs 16000

Since total S.P.> total C.P., there was a profit.  

Profit = Rs 16320 − Rs 16000 = Rs 320

Therefore, the shopkeeper had a gain of 2% on the whole transaction.