Shopkeeper bought two tables for Rs. 1500 each. If he sold one at a profit of x% and another at a loss of 20 %, then in the whole transaction, there is no profit or loss. Find the value of ‘x’.
Answers
Answer:
Selling price of each table = Rs 1500
First table he made 20% profit, so cost price = 100/120 *1500 = Rs 1250
Second table he lost 20% , so cost price = 100/80 *1500 = Rs 1875
Total cost = 1250 +1875 = Rs 3125
Total sale = 1500 +1500 = Rs3000
Loss =125
Loss % = 125/3125 *100 = 4% LOSS
Given:
Shopkeeper bought two tables for Rs. 1500 each. he sold one at a profit of x% and another at a loss of 20 %.
To Find:
the value of ‘x’?
Step-by-step explanation:
cost price of each table = Rs 1500
First table he made profit of x%
Thus selling price will be = 1500+15x
Second table he made loss of 20%
Thus , seliing price of one table ,S.P= 1500-300=1200
NOW
Total C.P=3000
Total S.P= 1200+1500+15x=2700+15x
since now there is no profit and loss hence
2700+15x=3000
x=20
hence value of x is 20%