Question

Avinash bought an electric iron for Rs 900 and sold it at a gain of 10%. He sold another electric iron at 5% loss which was bought Rs 1200. On the transaction he has a ______.

Options

• Profit of Rs 75

• Loss of Rs 75

• Profit of Rs 30

• Loss of Rs 30

Answer 1

Avinash bought an electric iron for Rs 900 and sold it at a gain of 10%. He sold another electric iron at 5% loss which was bought Rs 1200. On the transaction he has a profit of Rs 30.

Explanation:

Avinash bought an electric iron = Rs. 900 He sold it, at 10% profit.

So, selling price of the electric iron = `10/100 xx 900 + 900`

= 90 + 900

= Rs. 990

He also sold another electric iron at 5% loss.

Cost price of another electric iron = Rs. 1200

So, selling price of the electric iron = `1200 - 5/100 xx 1200`

= 1200 – 60

= Rs. 1140

Total amount paid by Avinash for purchasing electric irons = Rs. 900 + Rs. 1200 = Rs. 2100

Total received amount = Rs. 990 + Rs. 1140 = Rs. 2130

So, his profit = Rs. 2130 – Rs. 2100 = Rs. 30 in transaction.

Hence, profit of Rs 30.