Mr. Sinha sold two tape-recorders for 990 each; gaining 10% on one and losing 10% on the other. Find his total loss or gain, as percent, on the whole transaction.
Answers
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✴️ Loss Percent = 1 % ✴️
Given:
Selling price of two tape recorders is Rs 990 each.
On one recorder he gains 10% and on other he losses 10%.
To Find:
What is his loss of gain percent in whole transaction ?
Solution: In first condition on first recorder
S.P = Rs 990.
Gain % = 10%.
As we know to find C.P when S.P and gain % are given we use the formula
▪️C.P = (100/100 + gain %) × S.P ▪️
So cost price of first recorder is Rs 900.
Now, in second condition on second recorder
S.P = Rs 990
Loss % = 10 %
Using formula
So cost price of second recorder is Rs 1100.
Lets find total s.p & c.p of both recorders.
➜Total S.P = Rs (990 + 990)
➜ 1980
➜Total C.P = Rs (900 + 1100)
➜Rs 2000
On comparing both C.P and S.P
C.P > S.P (Here is loss)
• Loss = C.P – S.P
• Rs (2000 – 1980) = Rs 20
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GIVEN :-
- Mr. Sinha sold two tape-recorders for 990 each.
- Gain 10% on one.
- Loss 10% on the other.
We have to find :-
- His total loss or gain, as percent, on the whole transaction.
Solution :-
First tape recorder :
SP = Rs. 990
Gain% = 10%
Using formula
CP = (100/100 + gain %) × SP
So cost price of first recorder is Rs 900.
Second tape recorder :
SP = Rs 990
Loss % = 10 %
Using formula
CP = (100/100 - Loss %) × SP
So cost price of second recorder is Rs 1100.
Let us find total SP & CP of both recorders.
➜Total SP = Rs (990 + 990) = Rs 1980
➜Total CP = Rs (900 + 1100) = Rs 2000
On comparing both CP and SP
CP > SP (So here is loss)
Loss = CP – SP
Rs (2000 – 1980) = Rs 20
Loss % = (Loss / CP) × 100
= 1 %
Hence, his loss percent on whole transaction is 1%.