Question

Meenu bought two fans for Rs 1200 each. She sold one at a loss of 5% and the other at the profit of 10%. Find the selling price of each. Also find out the total profit and loss.

Answer 1

I think this may help

Answer 2

Answer:

Total profit = Rs 60

Total profit percentage = 2.5%

Explanation:

Given Meenu bought two fans for Rs 1200 each. She sold one at a loss of 5% and the other at the profit of 10%.

i) case 1:

cost price of a fan (c.p)=Rs1200

loss(l) = 5%

$selling\:price = cost\:price\left( \frac{100-l}{100}\right)$

$\imlies selling\:price = 1200\times\left( \frac{100-5}{100}\right)$

=$\frac{1200\times95}{100}$

After cancellation, we get

s.p= Rs1140 ---(1)

ii) case 2:

cost price of a fan (c.p)=Rs1200

profit(g) = 10%

$selling\:price = cost\:price\left( \frac{100+g}{100}\right)$

$\imlies selling\:price = 1200\times\left( \frac{100+10}{100}\right)$

=$\frac{1200\times110}{100}$

After cancellation, we get

s.p = Rs 1320 ---(2)

iii) Total cost price (T.C.P) =

Rs1200+Rs1200

= Rs 2400

iv) Total selling price (T.S.P)

= (1)+(2)

= Rs1140+Rs1320

= Rs 2460

T.S.P > T.C.P

so, she gets profit.

Total profit (G) = T.S.P - T.C.P

= Rs2460 - Rs2400

= Rs 60

Therefore,

profit (G) = Rs 60

profit percentage = (G×100)/(TCP)

= ( 60×100)/2400

= 2.5%

••••