Manohar purchased two hand bags for rs.1500 each. He sold these bags gining 8% on one and loosing 4% on the other. Find his gain or loss percent on the whole transaction.
Answers
case 1. cost price of two hand bags = 1500
= profit = 8%
= let selling price = x
=1500×108/100 =x
= ×=1620
case 2. cost price of two hand bags = 1500
=loss = 4%
= let selling price = x
=1500×96/100= ×
×=1530
total cost price = 1500+1500=3000
total selling price = 1620+1530 =3150
3150 - 3000= 150
profit % = p/c.p×100
p % = 150/3000×100
p % = 5%
Answer:
Gain = 1 %
Step-by-step explanation:
Total cost price = 1500
The cost price of each bag = 1500/2 = ₹750
C.P. of first handbag = ₹750
Gain% = 6
Selling Price = CP(100+Gain%) / 100
= 750(100+6) / 100
= 750(106) / 100
S.P. = ₹795
C.P. of second handbag = ₹750
Loss% = 4
S.P. = CP(100-Loss%) / 100
= 750(100-4) / 100
= 750(96) / 100
S.P.= ₹720.
Total S.P. = ₹795 + ₹720 = ₹1515
As, S.P. > C.P.
So,Profit = S.P. - C.P.
= ₹1515 - ₹1500
Profit = ₹15
Profit % = Profit / C.P. × 100
= 15 / 1500 × 100
Profit = 1%
- Selling price: The rate or cost at which the items or articles are sold.
- Cost price: The rate or cost at which the items or articles are purchased.
- Profit: When S.P. is greater than C.P., we get profit.
- Loss: When C.P. is greater than S.P., then we suffer a loss.