hashimabibi sold two handcrafts at the rs 1248 for each. for the 1st craft she get 4% profit and for 2nd 4% loss.what was her net profit or loss.
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Answer:
0.16% loss
Explanation:
SP of one handicraft = Rs.1248
Profit = 4%
=> 104% of CP = 1248
=> 104/100 × CP = 1248
=> CP of one handicraft = Rs.1200
SP of second handicraft = Rs.1248
Loss = 4%
=> 96% of CP = 1248
=> 96/100 × CP = 1248
=> CP of second handicraft = Rs.1300
Total CP = Rs.1200 + 1300 = Rs.2500
Total SP = Rs.1248 + 1248 = Rs.2496
CP > SP
Hence, loss = Rs.2500 - 2496 = Rs.4
Loss percent = 4/2500 × 100 = 0.16%
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