Two tables were sold at ₹ 919 each, one at a profit of 10% and other at a loss of 10%. What are the cost price of each of the tables? In this sale, did the sellar make a profit or loss? What is the percentage of profit or loss?
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Answer:
S.p of each table =Rs 990
C.P of first table = 100/100+10×990
= 100/110×990
=900
C.p of sec.table = 100/100-10×990
= 100/90 ×990
= Rs 1100
Total s.p = 990+990=1980
Total c.p = 900+1100=2000
Here c.p>s.p
Loss =c.p-s.p =2000-1980
=20
Loss% =loss/c.p×100=20/2000×100
=1%
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