Mr.sharma bought two fans for Rs 2,500 each.He sold one of them at 10% profit and the other at4% loss. What was his gain or loss percent on the whole?
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Step-by-step explanation:
A/Q , Cost of each fan = ₹2500
Profit on 1st Fan = 10%
Loss on 2nd Fan = 4%
For 1st Fan :
SP = CP+10% of CP
SP=2500+10/100×2500= 2750
For 2nd Fan :
SP=CP-4% of CP
SP=2500-4/100*2500 = 2400
Total SP= 2750+2400=5150
Total CP=2×2500=5000
Profit or Loss=SP−CP=150 (Positive)
Hence, Mr. Sharma makes a profit of Rs.150
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