Question
A trader purchased a table for Rs. 5,000 and a chair for
Rs. 2,000. He sold the table at a profit of 30% and the chair at a loss of 25%. Calculate the total profit or loss in the transaction.Solution
ATQ,
Sum of cost price of the table and chair = 5000 + 2000 = Rs. 7,000
Selling price of the table = 5000 × 1.30 = Rs. 6,500
Selling price of the chair = 2000 × 0.75 = Rs. 1,500
Total profit in the transaction = (6500 + 1500) - 7000 = Rs. 1,000
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