Question

Reena incurs a loss of Rs. 25 by selling a purse and makes a profit of Rs. 11 by selling a cap. Find her net profit or loss by selling 12 purses and 16 caps.

Answer 1

Step-by-step explanation:

Let the cost price of the purse be Rs.x.Then,

Loss= 1/6 of Rs.x= x/6

Cost Price = Selling Price + Loss

x=250+ x/6

⇒x− x/6 =250

6x−x/6 =250

⇒ 5x/6 =250

∴x=250× 6/5 =300

Hence, the cost price of the purse is Rs.300.

Loss = Cost Price − Selling Price

=Rs.300−250=Rs.50

Loss%= Loss / CCostpric ×100= 50 /300 ×100= 50/3%