solve this step by step explanation needed
Answers
Answer:
C. A loss of 2.25%
Step-by-step explanation:
Let the costs of the two televisions be A and B.
1955 is a 15% gain on the first TV
=> 1955 = 1.15 A
=> A = 1955 / 1.15
1955 is a 15% loss on the second TV
=> 1955 = 0.85 B
=> B = 1955 / 0.85
The total cost of the two TVs was
C = A+B = 1955 ( 1/1.15 + 1/0.85 )
The total selling price of the two TVs was
S = 2 × 1955
So...
S/C = 2 / ( 1/1.15 + 1/0.85 ) [ this is the harmonic mean! ]
= 0.9775
So there was a loss of
1-0.9775
= 0.0225
= 2.25 %
Given :
Televisions = 2
Selling price of each TV = Rs.1955
Gain of = 15% on one
Loss of = 15 % on another
To find :
The gain or loss % in the whole transaction.
Solution :
For first Television :
S.P = Rs. 1995
Gain % = 15 %
As we known,
For the second Television :
S.P = Rs.1955
Loss % = 15 %
As we know =
Now, total CP =
Total S.P =
Loss =
Loss % =
Therefore the answer is