Question

Meenu bought two fans for Rs 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.

Answer 1

Cost of each fan =1200
Loss=5%
Therefore, S.P =(100-Loss%/100)×C.P
=(100-5/100)×1200
=95/100×1200
=1140
Cost of each fan =1200
Profit=10%
Therefore, S.P =(100+Gain%/100)×C.P
=(100+10/100)×1200
=110/100×1200
=1320
Total S.P=1140+1320 =2460
Total C.P =1200+1200=2400
Profit =S.P-C.P
=2460-2400
=60
Profit%=Profit/C.P×100
=60/2400×100
=2.5%