Education Desk Staff asked 1 week ago

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.

1 Answers
Education Desk Staff answered 1 week ago

Cost Price of each fan = 1200.

One is sold at a loss of 5%. This means if Cost Price is 100, SP is 95.

Therefore, when CP is 1200, then

SP = 95/100 1200 × = Rs. 1140.

Also 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 1200 = Rs. 1320

We need to find the combined CP and SP to say whether there was an overall profit or loss.

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.