Question

A shopkeeper sold two baseball bats whose cost price is ₹2000 each. He makes a profit of 15% on one bat and a loss of 5% on the other bat. Find the profit or loss percent.

Answer 1

When Cost price is the same, a profit of 15% and loss of 5% will always give an overall profit.

Now we have to calculate the overall profit percentage :

15% profit = : $\frac{15}{100}\times$2000 = ₹300

5% loss = $\frac{5}{100}\times$2000 = ₹100

Total SP = (2000 + 300) + (2000 - 100) = ₹2300 + ₹1900 = ₹4200 (SP > CP)

Total CP = ₹2000 + ₹2000 = ₹4000

$\therefore$ Profit = ₹4200 - ₹4000 = ₹200

Profit Percentage = $\frac{200}{4000}\times$100 = 5%