A refrigerator and washing machine where bought for rs 16,000 each . T

1.	A refrigerator and washing machine where bought for rs 16,000 each . The vendor made a loss of 8% on refrigerator and profit of 16% on washing machine.find profit or loss percent on whole transaction
Answer» 4% is the answer EXPLANATION : CP of REFRIGERATOR = 16,000 loss on refrigerator = CP × loss % = 16,000× 8/100 = 160×8 = 1280 Rs. CP of washing machine = 16,000 profit on washing machine = CP × profit % = 16,000 × 16/100 = 160×16 = 2560 Rs. Net profit made by the vendor = 2560-1280 net profit = 1280 Rs. Total price of both equipments = 2×16,000 = 32,000 Rs. therefore, profit percent on whole transaction is = 1280/32000 × 100 = 1280/320 = 128/32 = 4%

A refrigerator and washing machine where bought for rs 16,000 each . The vendor made a loss of 8% on refrigerator and profit of 16% on washing machine.find profit or loss percent on whole transaction

Answer»

4% is the answer

loss on refrigerator = CP × loss %

= 16,000× 8/100

= 160×8

= 1280 Rs.

CP of washing machine = 16,000

profit on washing machine = CP × profit %

= 16,000 × 16/100

= 160×16

= 2560 Rs.

Net profit made by the vendor = 2560-1280

net profit = 1280 Rs.

Total price of both equipments = 2×16,000

= 32,000 Rs.

therefore, profit percent on whole transaction is

= 1280/32000 × 100

= 1280/320

= 128/32

= 4%