Question
The cost price of a blanket is Rs. 900. A seller sells
one blanket with a profit of 18%, while the second blanket is sold at a loss of Rs. 150. Determine the seller's overall profit or loss from both transactions.Solution
Selling price of the blanket sold at 18% profit = 900 X 1.18 = Rs. 1,062 Selling price of the blanket sold at loss of Rs. 150 = 900 - 150 = Rs. 750 So, combined selling price = 1062 + 750 = Rs. 1,812 Combined cost price = 900 X 2 = Rs. 1,800 Overall profit = 1812 - 1800 = Rs. 12
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