. David sells two calculators for ₹1500 each. He earns a profit of 25% on one and sugjers
a loss of 25% on the other. Find his total profit or loss on the whole deal. Also calculate it as a percentage.
Answers
Solution :
1st Case :
• Selling Price of Calculator = Rs 1500
• Profit = 25 %
2nd Case :
• Selling Price of Calculator = Rs 1500
• Loss = 25%
Now,
→ Total Selling Price = Rs 1500 + Rs 1500
→ Total Selling Price = Rs 3000
→ Total Cost Price = Rs 1200 + Rs 2000
→ Total Cost Price = Rs 3200
Cost Price > Selling Price. Hence,David creates Loss
Now, Let's Find Loss %
Loss% of David in the whole Deal is 6.25%
✬ Loss % = 6.25 % ✬
Step-by-step explanation:
Given:
- Selling price of two calculators = Rs 1500 each.
- On first calculator he earns a profit of 25% and on second he suffers a loss of 25%.
To Find:
- What is his total loss or profit percentage on whole transaction?
Solution: First we need to find the Cost Price of both the calculators.
→ To find Cost Price when Selling Price and Profit % are given we use the formula:
★ C.P = 100/(100 + Profit %) x S.P ★
• Putting all the values on above formula•
C.P = 100/(100 + 25) x 1500
C.P = 100/125 x 1500
C.P = 150000/125
C.P = Rs 1200
- Hence, Cost price of first calculator is Rs 1200.
→ To find Cost Price when Selling Price and Loss % are given we use the formula :
★ C.P = 100/(100 – Loss %) x S.P ★
• Putting values on formula •
C.P = 100/(100 – 25) x 1500
C.P = 100/75 x 1500
C.P = 150000/75
C.P = Rs 2000
- Hence, Cost Price of second calculator is Rs 2000
∴ Total Cost Price of both calculators = (1200 + 2000) = Rs 3200.
and Total Selling Price of both calculators = (1500 + 1500) = Rs 3000.
• Comparing S.P and C.P •
→ 3000 < 3200
Here, Cost Price is greater than Selling price so there is Loss
★ Loss = Cost Price – Selling Price ★
Loss = (3200 – 3000)
Loss = Rs 200
∴ Loss % =( Loss / Cost Price) x 100
Loss % = ( 200/3200) x 100
Loss % = 1/16 x 100
100 / 16
6.25%
Hence, David suffers a loss of 6.25% on whole deal.