Question

Tarak bought two fans for rs 1500 each. He sold one at 5% profit and the other at a 2% loss. Find the overall profit or loss percent in the whole transaction.step by step explanation​

Answer 1

Step-by-step explanation:

CP of 1 fan= Rs 1500

CP of 2 fans= 1500×2

= Rs 3000

He sold 1 fan at 5% profit

So, Profit= 5% of CP

= 5/100×1500

= Rs 75

Therefore, SP of fan = CP + profit

= 1500 +75

= Rs 1575

He sold other fan at 2% loss

So, loss= 2% of CP

= 2/100×1500

= Rs 30

Therefore, SP of fan= CP - loss

= 1500 - 30

= Rs 1470

SP of two fans = 1575+1470

= Rs 3045

Since, SP is more than CP

Therefore, Profit= SP - CP

=3045 - 3000

= Rs 45

Therefore, Profit % = profit/CP × 100

= 45/3000 × 100

= 1.5%

Hope it helped you :)