Question

A shopkeeper buys 10 television sets from a retailer at a rate of Euro 15,000 per set. He sells half of them at a profit of 25 % and rest half at a loss of 20%. Find the overall profit/loss faced by the shopkeeper.

Answer 1

Answer: Profit of $3,750

Explanation:

Sold half of the sets at a profit of 25%;

= (15,000 * 5 sets) * 25%

= $‭18,750‬

Sold the other half at a loss of 20%;

= (15,000 * 5) * 20%

= $15,000

Profit (loss) = 18,750 - 15,000

= $3,750