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.
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.
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