Riya bought two chairs for rs 1,200 each. she sold one at loss of 6% and the other at a profit of 10%. Find the selling price of each. also find out the profit or loss.
Answers
Answer:
sp= 1128 Rs for first chair
and Rs 1320 for second chair.
net profit percent = 2 percent.
Given C.P of first fan = Rs 1200
He sold the fan at a loss of 6%
⇒ Loss on first fan= 6% of 1200
= 6/100*1200
= Rs 72
S.P of fan = C.P - loss
= 1200 - 72
= Rs 1128
C.P of 2nd fan = Rs 1200
He sold at a profit of 10%
profit of second fan= 10% of 1200
= 10/100*1200
= Rs 120
S.P of 2nd fan = profit + C.P
= 1200+120
= Rs 1320
Total cost price of two fans = 1200 + 1200 = Rs 2400
Total S.P of 2 fans = 1320+1128 = Rs 2448
Since S.P > C.P
He got profit on whole
profit = S.P - C.P
= 2448 - 2400
= Rs 48
Profit% = profit/C.P * 100
= 48/2400 * 100
= 2% profit on whole