Question

Meenu bought two fans for ₹ 1200 each. She sold one at a loss of 5% and the other at a profit of 10%. Find the selling price of each. Also, find out the total profit or loss.

Answer 1

CP of each fan = ₹ 1200. One is sold at a loss of 5%.

This means if CP is ₹ 100, SP is ₹ 95.

Therefore, when CP is ₹ 1200, then SP = ₹ `95/100 xx 1200` = ₹ 1140.

Also the second fan is sold at a profit of 10%.

It means, if CP is ₹ 100, SP is ₹ 110.

Therefore, when CP is ₹ 1200, then SP = ₹ `110/100 xx 1200` = ₹ 1320.

Total CP = ₹ 1200 + ₹ 1200 = ₹ 2400

Total SP = ₹ 1140 + ₹ 1320 = ₹ 2460 

Since total SP > total CP, a profit of ₹ (2460 – 2400) or ₹ 60 has been made.