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%. - Mathematics and Statistics

Sum

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

= Total S.P. – Total C.P.

= 33,600 – 33,000

= ₹ 600

Concept: Profit and Loss
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