Meenu bought two fans for 1200 each. She sold one at
a loss of 5% and the other at a profit of 10%. Find the selling price of each . Also find out the total profit or loss.
Answers
Answer:
Given C.P of first fan = Rs 1200
He sold the fan at a loss of 5%
⇒ Loss on first fan= 5% of 1200
= 5/100*1200
= Rs 60
S.P of fan = C.P - loss
= 1200 -60
= Rs 1140
C.P of 2nd fan = Rs 1200
He sold at a profit of 10%
profit of second fan= 10% of 1200
= 10/100*1200
= Rs 120
S.P of 2nd fan = profit + C.P
= 1200+120
= Rs 1320
Total cost price of two fans = 1200 + 1200 = Rs 2400
Total S.P of 2 fans = 1320+1140 = Rs 2460
Since S.P > C.P
He got profit on whole
profit = S.P - C.P
= 2460 - 2400
= Rs 60
Profit% = profit/C.P * 100
= 60/2400 * 100
= 2.5% profit on whole
Answer:
Meenu gained a profit of 5%
Step-by-step explanation:
Overall CP of each fan = ` 1200. One is sold at a loss of 5%.
This means if CP is ` 100, SP is ` 95.
Therefore, when CP is ` 1200, then SP = `
95/100 * 1200
× = ` 1140
Also second fan is sold at a profit of 10%.
It means, if CP is ` 100, SP is ` 110.
Therefore, when CP is ` 1200, then SP = `
110/100 * 1200
× = ` 1320
Total CP = ` 1200 + ` 1200 = ` 2400
Total SP = ` 1140 + ` 1320 = ` 2460
Since total SP > total CP, a profit of ` (2460 – 2400) or ` 60 has been made.