Ravi manufactures watches. Each day he manufactures as many watches as the cost price per watch (in `). Each day he sells all his watches at a profit of `60 per watch and at the end of the day his profit percentage is 10%. Find his daily profit
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8th
Maths
Comparing Quantities
Prices Related to Buying and Selling
A man sells 2 wrist watch...
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Asked on May 01, 2020 by
Moumita Potnuru
A man sells 2 wrist watches at Rs. 594 each . On 1 watch he gains 10% and on other he losses 10%. Find his gain or loss % on the whole.
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Total selling price:
1 watch = Rs 594
2 watches = 594 x 2 = Rs 1188
The cost price of the one he gains 10%:
Gain = 10%
Selling Price = Cost Price + Gain
Selling Price = 100 + 10 = 110%
110% = Rs 594
1% = 594 ÷ 110 = Rs 5.40
100% = 5.40 x 100 = Rs 540
The cost price of the one he loses 10%:
Loss = 10%
Selling Price = Cost Price - Loss
Selling Price = 100 - 10 = 90%
90% = Rs 594
1% = 594 ÷ 90 = Rs 6.60
100% = 6.6 x 100 = Rs 660
The total cost price:
Total cost price = 540 + 660 = Rs 1200
The profit / loss :
Since Rs 1200 > Rs 1188
⇒ Cost Price > Selling Price
⇒ It is a Loss
Loss = 1200 - 1188 = Rs 12
The Loss percentage:
Loss Percentage = Loss/Cost Price x 100
Loss Percentage = 12/1188 x 100 = 1%
Answer: There is a loss of 1%
Answer:
36,000
Step-by-step explanation:
Cost price of each watch = x
Total watches = x (according to the question)
Total Cost Price of watches = Cost price of 1 watch x Total watches = x * x =
Profit per watch = 60 (given in question)
Profit on all watches = 60x
Profit% on all watches = Profit on all watches/Cost price of all watches
10/100 = 60x/
Solving it will give x as 600
Therefore, Cost price of each watch = Rs. 600
Total no. of watches made are 600
Profit per watch = Selling price per watch - Cost price per watch
60 = Selling price per watch - 600
Selling price per watch = Rs. 660
Profit on all watches = 660 x 600 - 600 x 600 (Selling price of all watches - Cost price of all watches)
Profit of all watches = 60 x 600 = 36,000