Shraddha purchases a mobile phone and refrigerator for Rs. 18000 and 15,000 respectively. She sold the refrigerator at a loss of 20% and the mobile at a profit of 20%. What is her overall profit or loss?
Solution
C.P. of mobile phone = ₹ 18,000
Profit percentage on mobile phone = 20%
∴ Selling price (S.P.) of mobile phone
= `18,000(1 + 20/100) = 18,000(1 + 1/5)`
= `18,000 xx 6/5`
= ₹ 21,600
C.P. of refrigerator = 15,000
Loss percentage on refrigerator = 20%
∴ Selling price (S.P.) = `15000 (1 - 20/100)`
= `15,000(1 - 1/5)`
= `15,000 xx 4/5`
= ₹ 12,000
∴ Total selling price for the transaction
= 21,600 + 12,000
= ₹ 33,600
Total cost price (purchase price) for the transaction = 18,000 + 15,000 = ₹ 33,000
∴ Overall profit made by Shraddha
= Total S.P. – Total C.P.
= 33,600 – 33,000
= ₹ 600
Thus, Shraddha made an overall profit of ₹ 600.
