Question

Avinash bought an electric iron for ₹900 and sold at a gain of 10%. He sold another electric iron at 5% loss which was bought ₹1200on the transaction, He has a

1) profit of ₹75
2) loss of ₹75
3) profit of ₹ 30
4) loss of ₹30

Answer 1

Q. Avinash bought an electric iron for ₹900 and sold at a gain of 10%. He sold another electric iron at 5% loss which was bought ₹1200on the transaction, He has a 

1) profit of ₹75
2) loss of ₹75
3) profit of ₹30
4) loss of ₹30

Solution :

Avinash bought an electric iron for = ₹900He sold it, at 10% profit.
So, selling priceof the electric iron = 10/100×900 +900

= ₹ 990

He also sold another electric iron at 5% loss.
Cost price of another electric iron = ₹ 1200
So,
selling price of the electric iron = 1200-5/100×1200
= ₹ 1140

Total amount paid by Avinash for purchasing electric irons = ₹900 + ₹1200 = ₹2100
Total received amount = ₹990 + ₹1140 = ₹ 2130
So,
his profit = ₹ 2130 - ₹ 2100 = ₹ 30 in transaction.

Hence, option (c) is correct.

Answer 2

option C

Step-by-step explanation:

profit of ₹ 30

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