Practicing Success
A dealer sells two machines at the rate of Rs. 15000 per machine. On one he earns a profit of 20 percent and on the other he loses 40 percent. What is his profit/loss percentage in the whole transaction ? |
20 percent loss 10 percent loss 10 percent profit 20 percent profit |
20 percent loss |
Loss % = 40% = \(\frac{2}{5}\) Profit % = 20% = \(\frac{1}{5}\) CP SP 1st 5 6 2nd 5 3 Given SP is equal so make SP equal CP SP 1st 5 6 2nd ( 5 3)× 2
CP SP 1st 5 6 2nd 10 6 ———————————— 15 12 Loss = 15 - 12 = 3 Loss% = \(\frac{3 × 100}{15}\)= 20% |