Question

two electric irons were sold at Rs.1050 each. If one was sold at a loss of Rs.300 and the other at a profit of Rs.450, what was the total cost price? Find the profit or loss​

Answer 1

Explanation:

Selling price of two irons is Rs.1050 each.

Loss on one iron = Rs.300

Profit on second iron = Rs.450

We know that ,

Cost price = Selling price + loss ,when loss is given

and cost price = Selling price - profit ,when profit is given.

therefore, cost price of first iron = 1050 + 300 =1350 rupees

cost price of second iron = 1050 - 450 = 600 rupees

total cost price = 1350 + 600 = 1950 rupees

total selling price = 1050 + 1050 = 2100 rupees

since total cost price < selling price

so, there is a profit of 2100 - 1950 = 150 rupees.