Question

A shopkeeper bough two fans for Rs.320. He sold one of them at a profit of 36% and the other at a loss of 15%. Find the net loss or gain

Answer 1

Let the cost price of first fan be $Rs.x$.

Therefore,

Cost price of second fan $=Rs.(320-x)$

Profit on first fan $=36\%$

Selling price of first fan $=x+\frac{36}{100}\times x=Rs.\frac{34}{25}x$

Loss on second fan $=Rs.15\%$

Selling price of second fan $=(320-x)-\frac{15}{100}\times (320-x)=\frac{17}{20}\times (320-x)=Rs.(272-\frac{17}{20}x)$