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Question
An electrician buys a used T.V. for ₹ 12,000 and a used Fridge for ₹ 11,000. After spending ₹ 1000 on repairing the T.V. and ₹ 1500 on painting the Fridge, he fixes up the M.P. of T.V. as ₹ 15,000 and that of Fridge as ₹ 15,500. If he gives ₹ 1000 discount on each find his profit or loss
Solution
(i) Cost of a T.V. = ₹ 12,000
Paid for repair = ₹ 1,000
C.P. of the T.V. = 12,000 + 1000 = ₹ 13,000
M.P of the T.V. = ₹ 15,000
Discount on a T.V. = ₹ 1000
S.P. = M.P. – Discount
= 15,000 – 1000
= ₹ 14,000
Here S.P. > C.P.
Profit = S.P. – C.P.
= 14,000 – 13,000
= ₹ 1,000
Profit on the T.V. = ₹ 1,000
(ii) Cost of the Fridge = ₹ 11,000
Painting charge = ₹ 1500
C.P. of the Fridge = 11000 + 1500 = ₹ 12,500
M.P of the Fridge = ₹ 15,500
Discount allowed = ₹ 1000
S.P. = M.P – Discount
= ₹ 15,500 – ₹ 1000
= ₹ 14,500
Here also S.P. > C.P.
Profit = ₹ 14,500 – ₹ 12,500
= ₹ 2000
Total profit = Profit on T.V. + Profit on Fridge
= ₹ 1000 + ₹ 2000
= ₹ 3000
Profit = ₹ 3000
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