An electronic shop owner buys mixers and irons worth $4,000. He sells the mixers at a price of $2,200 and the irons at $1,500. What is the profit or loss.
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Answer:
Total CP = $4000
SP of mixer = $2200
SP of iron = $1500
$2200+$1500 = $3700
Therefore, he had a loss of $300 as
$4000-$3700=$300
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