Mohan sold to article at the rate 800 and 1000 at a loss of 8% and a gain at 15% calculate the CP of both the articles
Answers
Answer:
Profit of 5%
Step-by-step explanation:
Two articles for 1000 each
For first article
30% profit or gain means. SP = cost price + 30%of CP(cost price)
=1000 + 30/100 ×1000
=1000 +300 =1300
Similarly for
Second article
20% loss means SP (SELLING PRICE)=1000(CP)- (subtracting because it is loss) 20% of CP
= 1000–200(20% of CP) =800
now you asked overall gain or loss
So total money spend =1000+ 1000
total money get = 1300 + 800 =2100
So clearly it is profit or gain Bravo!
Now how much profit you gain
=total money get- total money spend
=2100 - 2000= 100
now gain percentage =profit ÷CP×100=100 /2000×100
=5% gain
Answer:
Sold means SP. Let two articles be A and B
let article A's SP be 800₹. loss = 8%.
- Formula to calculate cost price if selling price and loss percentage are given: CP = ( SP × 100 ) / ( 100 – percentage loss ).
CP = ( 800 × 100 ) / ( 100 - 8 ).
= ( 80000 ) / ( 92 )
= 20000/23₹
let article B's SP be 1000₹. gain = 15%.
- Formula to calculate cost price if selling price and profit percentage are given: CP = ( SP * 100 ) / ( 100 + percentage profit).
CP = ( 1000 × 100 ) / ( 100 + 15 )
= ( 100000 ) / ( 115 )
= 20000/23₹
HOPE THIS HELPS :D