Question

Mahesh purchased two cycles for rupees 8000 each he sold one at a loss of 8% and the other at a profit of 16% find the selling price of each also find the total profit or loss ... ​

Answer 1

Step-by-step explanation:

cp = ₹8000

loss% = 8%

profit% = 16%

loss% = (loss/cp) *100

loss = ( loss% * cp) /100

loss = (8 * 8000) /100

= ₹640

selling price = cp- loss = 8000-640 = ₹7360

also,

profit % = (profit/ cp) * 100

profit = (profit% * cp) /100

= ( 16 * 8000) /100 = ₹1280

SELLING price = cp + profit = 8000 + 1280 = ₹ 9280

total profit = 1280-640 = ₹640