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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.
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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
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