Answer:
The shopkeeper bought two TV sets. He made a profit by selling one and loss by selling another. So let us divide the solution into two parts:
The cost price of TV = Rs 10,000
Profit % = 10 % of cost price
Loss % = 10 % of cost price
According to the formula
,
According to the formula,
Profit %
=
profit
Cost price
×
100
Loss %
Loss
10
000
Therefore , Profit = Rs 1000
Therefore, Loss = Rs 1000
If CP = Rs 10,000 and Profit = Rs 1000
If CP = Rs 10,000 and Loss = Rs 1000
Then, SP = 10,000 + 1000 = Rs 11000
Then, SP = 10,000 - 1000 = Rs 9000
Total Cost price = Rs 10,000 + Rs 10,000
= Rs 20,000
Total Selling price = Rs 11,000 + Rs 9000
As the cost price is equal to loss price, there is neither a profit nor a loss.
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Verified answer
Answer:
The shopkeeper bought two TV sets. He made a profit by selling one and loss by selling another. So let us divide the solution into two parts:
The cost price of TV = Rs 10,000
The cost price of TV = Rs 10,000
Profit % = 10 % of cost price
Loss % = 10 % of cost price
According to the formula
,
According to the formula,
Profit %
=
profit
Cost price
×
100
Loss %
=
Loss
Cost price
×
100
10
=
profit
10
,
000
×
100
10
=
Loss
10
,
000
×
100
10
=
profit
100
10
=
Loss
100
Therefore , Profit = Rs 1000
Therefore, Loss = Rs 1000
If CP = Rs 10,000 and Profit = Rs 1000
If CP = Rs 10,000 and Loss = Rs 1000
Then, SP = 10,000 + 1000 = Rs 11000
Then, SP = 10,000 - 1000 = Rs 9000
Total Cost price = Rs 10,000 + Rs 10,000
= Rs 20,000
Total Selling price = Rs 11,000 + Rs 9000
= Rs 20,000
As the cost price is equal to loss price, there is neither a profit nor a loss.