By selling two electric room heaters for 3240 each, Harsh makes a profit of 8% on one and a loss of 10% on the other. Find the total loss or gain%
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Answers
Answer:
Loss% = 20/11 % or 1 9/11 % or 1.81 %
Step-by-step explanation:
Given :-
By selling two electric room heaters for 3240 each, Harsh makes a profit of 8% on one and a loss of 10% on the other.
To find :-
Find the total loss or gain% ?
Solution :-
Given that The Selling Price of two electric heaters = Rs. 3240 each.
The Selling Price of the first heater
= Rs. 3240
Profit on it = 8%
We know that
Cost Price = (100×SP)/(100+g)
=> Cost Price = (100×3240)/(100+8)
=> Cost Price = 324000/108
=> Cost Price = 3000
Cost Price of the first heater = Rs. 3000
The Selling Price of the second heater
= Rs.3240
Loss on it = 10%
We know that
Cost Price = (100×SP)/(100-l)
=> Cost Price = (100×3240)/(100-10)
=> Cost Price = 324000/90
=> Cost Price = 3600
Cost Price of the second heater
= Rs. 3600
Total Cost Price of two heaters
= 3000+3600
= Rs. 6600
Total Selling Price of two heaters
= 3240+ 3240
= Rs. 6480
We have, CP = Rs. 6600 and
SP = Rs. 6480
CP > SP
=> Loss = CP - SP
=> Loss = 6600-6480
=> Loss = Rs. 120
We know that
Loss % = (Loss / CP ) × 100
=> Loss % = (120/6600)×100
=> Loss % = 120/66
=> Loss % = 20/11 % (or)
=> Loss % = 1 9/11 % (or)
=> Loss % = 1.81 %
Answer :-
The Loss percentage on the whole transaction by Harsh is 20/11 % ( or )
1 9/11 % ( or ) 1.81 %
Used formulae:-
→ Loss = CP - SP
→ Loss % = (Loss / CP ) × 100
→ Cost Price = (100×SP)/(100-l)
→ Cost Price = (100×SP)/(100+g)
- CP = Cost Price
- SP = Selling Price
- g = gain
- l = loss
Answer:
Total Loss% = 1.82%
Step-by-step explanation:
Selling Price of electric room heater = ₹3240
Total selling price of two electric room heater = ₹3240 + ₹3240 = ₹6480
Profit made on first electric room heater = 8%
So, Cost price of first electric room heater =
Loss made on second electric room heater = 10%
So, Cost price of second electric room heater =
Total cost price of two electric room heater = ₹3000 + ₹ 3600 = ₹6600
As we can see cost price is more than selling price. Therefore, Harsh have made a loss altogether.
Loss = Cost Price - Selling Price
= 6600 - 6480
= ₹120
Total Loss% =
=
= 20/11%
= 1.82%