Shanti sold two cameras Rs. 6555 each. On one she lost 5% , while on the other she gained 15%.Find the gain or loss per cent in the whole transaction.
Shanti sold two cameras Rs. 6555 each. On one she lost 5% , while on the other she gained 15%.Find the gain or loss per cent in the whole transaction.
Sign Up to our social questions and Answers Engine to ask questions, answer people’s questions, and connect with other people.
Login to our social questions & Answers Engine to ask questions answer people’s questions & connect with other people.
Verified answer
✬ Profit % = 4.04 % ✬
Step-by-step explanation:
Given:
To Find:
Solution: To find Cost price (C.P) when loss percent and selling price are given we use formula
★ C.P = S.P 100/100 – Loss% ★
C.P = (6555 100/100 – 5)
C.P = (655500/95)
C.P = Rs 6900
So, the Cost price of first camera is Rs 6900.
Now, Formula for Cost price when profit percent and selling price are given is
★ C.P = S.P 100/100 + Profit% ★
C.P = (6555 100/100 + 15)
C.P = (655500/115)
C.P = Rs 5700
So, the Cost price of second camera is Rs 5700.
∴ Total S.P of both cameras = 6555 + 6555
➙ Rs 13,110
∴ Total C.P of both cameras = 6900 + 5700
➙ Rs 12,600
Now compare both S.P & C.P
➼ Profit = S.P – C.P
➼ Profit = 13,110 – 12,600
➼ Profit = Rs 510
As we know that
★ Profit% = ( Profit/C.P 100 )
Profit % = (510/1260 100)
Profit % = 51000/1260
Profit % = 4.04%
Hence, on whole transaction Shanti gained profit of 4.04%.
Verified answer
Solution :
Shanti sold two cameras Rs.6555 each. On one she lost 5% & other on she gained 15%.
Using formula of the cost price, while become loss :
Using formula of the cost price, while become profit :
Now;
Total cost price of Camera = Rs.6900 + Rs.5700 = Rs.12600
Total selling price of Camera = Rs.6555 + Rs.6555 = Rs.13110
Profit = Selling price - Cost price
Profit = Rs.13110 - Rs.12600
Profit = Rs.510
So;
Thus;
Shanti gain 4.047% in the whole transaction .