Question

Suman buys two watches at rs 1800 each he sell one of them at a loss of 6% and the other at a profit of 8% find the overall profit or loss and also the percentage of profit earned or loss incurred in transaction

Answer 1

Given:

Suman buys two watches at rs 1800 each he sell one of them at a loss of 6% and the other at a profit of 8%

To find:

The overall profit or loss and also the percentage of profit earned or loss incurred in transaction

Solution:

Let the two watched  be named as x and y respectively

X be sold at 8% gain

Y be sold at 6 % loss

Cost price of x = 1800 / 108% = (1800 × 100) / 108 = Rs 1666.67

Cost price of y = 1800 / 94% = (1800 × 100) / 94 = Rs 1914.89

Gain on sale of x = Rs 1666.67

Loss on sale of y = Rs 1914.89  

Net profit = Rs 1914.89 - Rs 1666.67  = Rs 248.22

Answer 2

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