Question

A shopkeeper sold two bats which have a cost price of ₹6000 each. He makes a profit of 10% on one bat but a loss of 5% on the other bat. Find the overall profit or loss in the entire transaction.

• A. Loss of ₹300
• B. Profit of ₹300
• C. Profit of ₹600
• D. Loss of ₹600

Answer 1

The correct option is B

Profit of ₹300

Profit on one of the bats = 10% of ₹ 6000
= $\frac{10}{100}\times 6000=$ ₹600

Hence, the Selling price
= Cost price + Profit
= ₹ (6000 + 600) = ₹ 6600

Loss on the other bat
= 5% of ₹ 6000
= $\frac{5}{100}\times ₹6000$
= ₹ 300

Selling price = Cost price - Loss
= ₹ (6000 - 300)
= ₹ 5700

Total cost price (CP) = ₹ 12000
Total selling price (SP) $=₹6600+₹5700$ = ₹ 12,300

Hence, as SP > CP, he has made a profit of ₹ $(12,300-12,000)$ = ₹ 300.