wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Question 5
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.


Open in App
Solution

Cost price of VCR = Rs 8000 and Cost price of TV = Rs 8000
Total Cost Price of both articles = Rs 8000 + Rs 8000 = Rs 16,000
Given that VCR is sold at 4% loss,
Let C.P. of each article be Rs 100,
then S.P. of VCR = 100 - 4 = Rs 96
When C.P. is Rs 100, then S.P. = Rs 96
When C.P is Rs 1 then S.P = 9610
When C.P of VCR is Rs 8000,
then S.P =9610×8000=Rs.7,680

And TV is sold at 8% profit, then S.P of TV = 100+8 = Rs.108
When C.P is Rs 100, then S.P = Rs.108
When C.P is Rs 1,
then S.P = 108100×8000=Rs.8,640
Then, Total S.P = Rs 7,680 + Rs 8640 = Rs 16,320
Since S.P > C.P.
Therefore Profit = S.P - C.P = 16320 - 16000 = Rs 320
And Profit % = ProfitCost Price×100=32016000×100=2%


flag
Suggest Corrections
thumbs-up
14
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Sales Tax and Value Added Tax
MATHEMATICS
Watch in App
Join BYJU'S Learning Program
CrossIcon