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
(c) Profit of Rs 30
Explanation: Price of electric iron = Rs. 900
Sold at 10% profit
Now, selling price of the electric iron = (10/1000) x 900 + 900 = 90+ 900 = Rs.990
Another electric iron sold at 5% loss.
Cost price of another electric iron = Rs.1200
Thus, selling price of the electric iron = 1200 – 1200 x (5/100) = 1200 – 60 = Rs.1140
Total cost paid by Avinash for purchasing electric irons = Rs.900 + Rs.1200 = Rs.2100
Total received amount = Rs.990 + Rs.1140 = Rs. 2130
Therefore, his profit = Rs.2130- Rs.2100 = Rs.30
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