Monu bought 10 sheets at rupees 1000 each he sold two of these at a loss of 20% at watch price should he sell the remaining sheets to make and overall 5% profit
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Anmol sold two items for Rs. 1000 each. On one, he gained 10% and on the other, he lost 10%. How much did he gain or lose in the whole transaction?
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24 Answers
Rehman, Owner at Bhamani & Associates, Chartered Accountants (2013-present)
Answered August 19, 2018 · Author has 60 answers and 54.2K answer views
Anmol sold 2 articles for rs.1000 each
He gained 10% on 1 article
and lost 10% on another article
for the first article, if he gained 10% that means,
Cost + Profit = Selling Price
100% + 10% = 110% ( as we know profit is 10% of Cost)
Now we know, selling Price is 1000
subsituting 1000 in place of selling price and taking cost as ‘x’
100%+ 10% =110%
x + 0.10x = 1000
1.10x = 1000
x = 1000/1.10
so, profit = 0.10x = 0.10*1000/1.10 = 90.9090909
Now repeat same process for loss
100% - 10% = 90%
taking cost as x
x - 0.10x = 1000
0.90x = 1000
x = 1000/0.90
so loss = 0.10x = 0.10*1000/0.90 = 111.111111
Finally as u can see loss is more than profit
net loss will be 111.111111 - 90.9090909 =20.2020201
Hope This Helps
Answer:
111.25 rs profit of each remaining sheet