New Click here to Enroll for SIDBI MSME Expert Class by ex-GM, SBI on Nov 24

    Register

    Question

    A shopkeeper bought two televisions at a certain amount.

    He sold the first television at a 30% profit and the second television at a 20% loss. If the selling price of each television is Rs. 13,000, find the overall profit/loss percentage faced by the seller in the transaction. (Correct up to two decimal places)
    A 5.25% Correct Answer Incorrect Answer
    B 0.95% Correct Answer Incorrect Answer
    C 1.22% Correct Answer Incorrect Answer
    D 8.95% Correct Answer Incorrect Answer
    E none of these Correct Answer Incorrect Answer

    Solution

    Let the cost price of the first television be Rs. '100a' and the second television be Rs. '100b'. ATQ, 100a×1.3=100b×0.8=13,000 For the first television: Cost price of the first television = 100 × 100 = Rs.10,000 Cost price of the second television=100×162.5=Rs.16,250 Total selling price: 13,000 × 2 = Rs.26,000 Total loss faced by the seller: 26,250 − 26,000 = Rs.250 Loss percentage:

    Practice Next