Mr Mehta purchased a video for Rs 20000 and a television for Rs 30000. On the video he lost 5% and on the television he gained 8%. Find his total gain or loss.
Answers
Answer:
Gain = 2.8%
Step-by-step explanation:
For Video:
CP of video = Rs. 20000
Loss of 5% = 20000 * (5/100)
= 1000
Selling price = CP - lost
= 20000 – 1000
= Rs. 19000
For TV
CP of TV = Rs. 30000
Gain by 8% = 30000 * (8/100)
= 2400.
Selling price = cost price + Profit
= 32400.
Total cost price = 20000 + 30000 = 50000
Total selling price = 19000 + 32400 = 51400
Here, CP > SP. So, Gain has occurred.
Gain = Selling price - Cost price
= 51400 - 50000
= 1400
Gain% = (Gain/CP) * 100
= (1400/50000) * 100
= 14/5
= 2.8%
Therefore, Gain = 2.8%
Hope it helps!
Video=>
CP=20000
loss=5*20000/100
= 1000
SP=20000-1000
=19000
TV=>
CP=30000
loss=8*30000/100
= 2400
SP=30000+2400
=32400
therefore,
total CP=20000+30000
=50000
total SP=19000+32400
= 51400
therefore, profit=51400-50000
=1400
therefore, profit%=(1400/50000)*100
=2.8% gain.....