Mr. Sharma bought two fans for Rs 2500 each.He sold one of them at 10% profit and the other at 4% loss.What was his gain or loss percent on the whole?
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Mr. Sharma bought each fan = Rs 2500
profit = 10%
loss 4%
gain or loss percent on the whole = ?
case1
s. p= cp. +profit% of cp
= 2500+10/100×2500
= Rs. 2750
Mr. Sharma bought each fan sold profit of 10% be Rs. 2750
case 2
s. p = cp. -loss% of cp
=2500-4/100×2500
= 2500- 100
=Rs.2400
A. T. Q
total cost of two fans are = 2500+2500 =Rs 5000
total sold of two fans are = 2750 + 2400 = Rs. 5150
i.e sp > cp which is profit.
profit amount = Rs. 5150 - Rs 5000 = Rs. 150
profit% =( 150/5000) ×100%
=(150/50) %
= 3%
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