Question

Ankur bought motorbikes for Rs 3,000 each he sold one at a profit of 10% and other at a loss of 10% find his total loss or gain

Answer 1

Answer:

Step-by-step explanation:

Answer 2

Given:

(i) Ankur bought two motorbikes for Rs 3000 each.

(ii) The first one he sold it at a profit of 10%

(iii) The second one he sold it a loss of 10%.

To find:

(i) His total profit or loss.

Solution:

For the first bike, its Cost Price (CP) = Rs 3000.

Given, he sells it at a profit of 10%.

So, selling price = (100+10)% of CP

= 110% of Rs 3000

= Rs 3300

For the second bike, its Cost Price (CP) = Rs 3000.

Given, he sells it at a loss of 10%.

So, selling price = (100-10)% of CP

= 90% of Rs 3000

= Rs 2700

Total CP of the transaction = Rs (3000+3000) = Rs 6000.

Total SP of the transaction = Rs (3300+2700) = Rs 6000.

Since, CP = SP, there is neither profit nor loss in the entire transaction.