A VCR and TV were bought for Rs 8,000 each. The shopkeeper made a loss of 4% on the VCR and a profit of 8% on the TV. Find the gain or loss percent on the whole transaction.

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Solution

Loss on VCR = CP×% Loss

= 8000 x $\frac{4}{100}$ = 320

Profit on TV = CP× %Profit

= 8000 x $\frac{8}{100}$ = 640

Overall Profit = 640-320 = Rs 320

Percentage Profit = $\frac{P r o f i t}{C P}$ x100

= $\frac{320}{16000}$ x100 = 2%

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