Question

A shopkeeper sold two bats which have a cost price of Rs. 6000 each. He makes a profit of 10% on one of the bats but a loss of 5% on the other bat. Has he made an overall profit or loss?

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

Answer 1

The correct option is B

Profit of 300 rupees

Profit on one of the bats = $\frac{10}{100}\times 6000=Rs600$

So, he sold one of the bats for Rs 6600

On the contrary, he made a loss of 5% in the other bat, so the effective selling price $=6000-\frac{5}{100}\times 6000=Rs5700.$

So, overall profit or loss can be easily calculated by calculating total CP and total SP,

Total CP = $Rs.12000$

Total SP = $Rs.6600+Rs5700=Rs.12,300$

So, it is clear that he made an overall profit = $Rs.12,300-Rs.12,000=Rs.300$