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Question
Latika bought a teapot for Rs 120 and a set of cups for Rs 400. She sold teapot at a profit of 5% and cups at a loss of 5%. The amount received by her is ______.
Options
Rs 494
Rs 546
Rs 506
Rs 534
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Solution
Latika bought a teapot for Rs 120 and a set of cups for Rs 400. She sold teapot at a profit of 5% and cups at a loss of 5%. The amount received by her is Rs 506.
Explanation:
Latika bought a teapot = Rs. 120
And a set of cups = Rs. 400
She sold teapot at a profit of 5%,
So, selling price of teapot = `5/100 xx 120 + 120`
= `120/20 + 120`
= 6 + 120
= Rs. 126
Also, she sold cups at a loss of 5%.
So, selling price of cups = `400 - 5/100 xx 400`
= 400 – 20
= Rs. 380
Then, the total amount received by her = Rs. 126 + Rs. 380 = Rs. 506
Hence, Rs 506
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