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AVCR and TV were bought for Rs. 8000 is the shopkeeper made a loss of 4% on the VCR and a profit of 8% on the TV find the gain or loss percent on the whole transaction ?
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Answers
Answer:When the selling price is more than the cost price of an article then there is a profit or gain.
S.P>C.P
Profit= S.P – C.P
Profit%= (profit/C.P)×100
Profit and loss are calculated on a certain percent of the C.P.
Solution:
Given:
Cost price(CP) of each article=₹8000
Profit of 8% on TV
Loss of 4% on VCR
C.P of TV= ₹8000
Profit on TV = Cost price × profit %
Profit on TV = 8%of 8000
=8000 ×(8/100)
=80×8
= ₹640
C.P of VCR= ₹8000
Loss on VCR = Cost price × Loss %
Loss on VCR= 4% of 8000
=8000 ×(4/100)
=80× 4
= ₹320
Since profit is more than loss,
Hence, the shopkeeper gains net profit
Net Profit= 640 -320= 320
Now
Total cost Price of both article= 8000+ 8000 =₹16000
Profit%= (profit/C.P)×100
Profit %= (320/16000) ×100
Profit % = 32/16
Profit %=2%
Hence, the gain in the whole transaction = 2%.
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IS THE QUESTION THIS :—»
A VCR and TV were bought for Rs. 8000 IF the shopkeeper made a loss of 4% on the VCR and a profit of 8% on the TV find the gain or loss percent on the whole transaction ?
EVEN AFTER THIS THE QUESTION IS INCOMPLETE SO BY ASSUMING THINGS I CAN PROVIDE YOU:—»
ANSWER :—»
(1)
8000 = COLLECTIVE S.P
THEN WE CAN SAY THAT SURELY A VCR IS CHEAPER THAN A TV
SO IT WILL BE PROFIT BUT CANNOT FIND PERCENTAGE.
(2)
LET'S ASSUME
S.P OF TV = S.P OF VCR
THEN,
S.P OF TV = S.P OF VCR= 8000/2 = Rs. 4000
VCR COST PRICE = 104×4000/100 = Rs. 4160
TV COST PRICE = 92×4000/100 = Rs. 3680
COLLECTIVE COST PRICE = Rs. 7840
PROFIT = 8000-7840= RS. 160
PROFIT PERCENTAGE = 160×100/7840 ~ 2%
(3)
IF 8000 IS THE COST OF ONLY ONE DEVICE..
SO IN THIS CASE NOTHING CAN BE DONE NEED MORE INFO.
THIS TIME BEFORE REPORTING CHECK QUESTION!