Question

Sheenu bought two chairs for ` 1500 each. She sold one at a loss of 5% and other at a profit of 10%. Find the selling price of each. Also, find total profit or loss. solve on notebook and please give solution

Answer 1

Given:

Sheenu bought two chairs for ₹1500 each

One sold at a 5% loss

and other at 10% profit.

To find:

Total profit on the transaction

Solution:

Let the cost price of each item is 100

Chair 1:

• Coat Price = 100
• Loss = 5% of CP = 5 unit
• Selling Price = 95

Chair 2:

• Cost Price = 100
• Profit = 10% of CP = 10 unit
• Selling Price = 110

Total Transaction:

• CP = 200
• Profit = 5 unit
• SP = 205

As per the question, the cost price is ₹1500 that is equivalent to 100

• 100 -- ₹1500
• 1 ---- ₹15

SP of First Chair is 95 unit

• 95×15
• ₹1425

SP of Second Chair is 105 unit

• 105×15
• ₹1575

The Total Profit percentage is given by:

Profit% = (Total Profit/Toatal CP)100

• Profit% = (5/200)100
• Profit% = 5/2
• Profit% = 2.5%

Total profit is 2.5%