Question

Mr. Pandey purchased garments worth $Rs.90,000$ he sold $\frac{1}{2}$ of them at a profit of $20\%$ and the remaining at a loss of $10\%$. Find his overall profit or loss .

Answer 1

C.P. of garments $=Rs90,000$

C.P. of half of the garments $=Rs45,000$

Now, Case I

$Profit=S.P.-C.P.$

$\frac{20}{100}\times 45000=S.P.-45000$

$S.P.=Rs54000$

Case II

$Loss=C.P.-S.P.$

$\frac{10}{100}\times 4500=45000-S.P.$

$S.P.=Rs40,500$

$TotalC.P.=9000$

$TotalS.P.=54000+40500=94500$

$Overallprofit=94500-90000=Rs4500$