A shopkeeper sold two bats which have a cost price of ₹. 6000 each. He makes a profit of 10% on one of the bats but a loss of 5% on the other bat. Then he has made a ___________
Profit of 300 rupees
Profit on one of the bats can be calculated by, 10100 x 6000 =₹ 600, so he sold one of the bats for ₹ 6600.
On the contrary, he made a loss of 5% in the other bat, so the effective selling price = 6000 - 5100 x 6000 = ₹ 5700.
So, overall profit or loss can be easily calculated by calculating total CP and total SP, total CP = ₹ 12000, and total SP = ₹ 6600 + ₹ 5700 = ₹ 12,300.
So, it is clear that he made an overall profit of ₹ 12,300 - ₹ 12,000 = ₹ 300