Shashi owns an electronics shop. He sells a refrigerator for ₹ 14,875 which actually costed him ₹ 15,200. Find his profit or loss.
Answers
Answer:
Given: Selling price of TV set = Rs. 19,550
Profit on TV = 15%
Selling price of Refrigerator = Rs. 19,550
Loss on Refrigerator = 15%
To find: a) Total Cost price of TV set and Refrigerator
b) C.P. of TV set
Solution: According to the given problem,
S.P. of TV set = Rs. 19,550
Profit = 15%
Using the formula to calculate C.P. when S.P. and profit % is given
.: C.P. = \frac{100}{100 + GainPercentage}
100+GainPercentage
100
× S.P.
= \frac{100}{100 + 15}
100+15
100
× 19,550
= 100/115 × 19,550
= Rs. 17,000
C.P. of TV set = Rs. 17,000
Similarly, for Refrigerator
S.P. of Refrigerator = Rs. 19,550
Loss = 15%
Using the formula to calculate C.P. when S.P. and loss % is given
.: C.P. = \frac{100}{100 - LossPercentage}
100−LossPercentage
100
× S.P.
= \frac{100}{100 - 15}
100−15
100
× 19,550
= 100/85 × 19,550
= Rs. 23,000
C.P. of Refrigerator = Rs. 23,000
a) Total C.P. of TV set and Refrigerator = C.P. of TV set + C.P. of Refrigerator
= Rs. 17,000 + Rs. 23,000
= Rs. 40,000
b) The C.P. of TV set = Rs. 17,000
Step-by-step explanation:
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Answer:
Loss of ₹325
Step-by-step explanation:
cost price = ₹15,200
selling price = ₹14,875
cost price > selling price
cost price - selling price
₹15,200 - ₹14,875 = ₹325
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