Question 17Avinash bought an electric iron for Rs 900 a
Question 17
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
(a) profit of Rs 75
(b) loss of Rs 75
(c) profit of Rs 30
(d) loss of Rs 30
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Right Answer is:
SOLUTION
Avinash bought an electric iron = Rs 900
He sold it, at 10% profit.
So, selling price of the electric iron =10100×900+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 =1200−5100×1200
=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.