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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
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Solution
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.
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