Question

A vcr and tv were bought for 8000 each. The shopkeeper made a loss of 4 per cent on vcr and 8 per cent prophit on the tv. Find the gain or loss per cent on the whole transection.

Answer 1

2% gain

Explanation:

We assume the shopkeeper bought the appliances at the indicated prices, and that gain is computed on the basis of that cost price.

Since the base cost is the same for each appliance, the percentages can be added directly to find the percentage gain on 8000. However, the shopkeeper's total outlay was 16000, not 8000, so the final gain percentage is half of that total.

gain percent = (-4% + 8%)/2 = 2%

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If you want to see the actual numbers:

Loss on VCR = 4% × 8000 = 320.

Gain on TV = 8% × 8000 = 640.

Total gain on 16000 is -320 +640 = 320. As a percentage, that is ...

320/16000 × 100% = 2%