Question

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A shopkeeper bought two TV sets at 7 10,000 each. He sold one at a profit 10%
and the other at a loss of 10%. Find whether he made an overall profit or loss.​

Answer 1

Answer:

Neither loss nor gain is achieved.

Step-by-step explanation:

Cost Price of 1 T.V. = $7,10,000

Cost Price of 2 T.V.s = $7,10,000 x 2 = $14,20,000

Gain on 1 T.V. = 10%

Selling Price of the T.V. = 110% of $7,10,000 = $7,81,000

Loss on 1 T.V. = 10%

Selling Price of the T.V. = 90% of $7,10,000 = $6,39,000

Total Selling Price = $7,81,000 + $6,39,000 = $14,20,000

Total Cost Price = Total Selling Price