Home
Class 8
MATHS
Luxmi sold two sarees for Rs.1980 each. ...

Luxmi sold two sarees for Rs.1980 each. On one, she lost 10%. While on the other she gained 10%. Find gain or loss percent in the whole transaction.

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we need to calculate the cost price of each saree and then determine the overall gain or loss percentage from the entire transaction. ### Step 1: Calculate the Selling Price of Each Saree Luxmi sold each saree for Rs. 1980. **Selling Price (SP) of each saree = Rs. 1980** ### Step 2: Calculate the Cost Price of the Saree Sold at a Loss For the saree sold at a loss of 10%, we can use the formula: \[ \text{Loss} = \frac{\text{Loss Percentage}}{100} \times \text{Cost Price (CP)} \] Let the cost price of the saree sold at a loss be \( CP_1 \). Since she lost 10%, we can express the selling price as: \[ SP = CP_1 - \text{Loss} \] Substituting the loss into the equation gives us: \[ 1980 = CP_1 - \left(\frac{10}{100} \times CP_1\right) \] This simplifies to: \[ 1980 = CP_1 - 0.1 \times CP_1 \] \[ 1980 = 0.9 \times CP_1 \] Now, we can solve for \( CP_1 \): \[ CP_1 = \frac{1980}{0.9} = 2200 \] ### Step 3: Calculate the Cost Price of the Saree Sold at a Gain For the saree sold at a gain of 10%, we can use a similar approach. Let the cost price of the saree sold at a gain be \( CP_2 \). Since she gained 10%, we can express the selling price as: \[ SP = CP_2 + \text{Gain} \] Substituting the gain into the equation gives us: \[ 1980 = CP_2 + \left(\frac{10}{100} \times CP_2\right) \] This simplifies to: \[ 1980 = CP_2 + 0.1 \times CP_2 \] \[ 1980 = 1.1 \times CP_2 \] Now, we can solve for \( CP_2 \): \[ CP_2 = \frac{1980}{1.1} = 1800 \] ### Step 4: Calculate the Total Cost Price and Total Selling Price Now we can calculate the total cost price (CP) and total selling price (SP) for both sarees. \[ \text{Total CP} = CP_1 + CP_2 = 2200 + 1800 = 4000 \] \[ \text{Total SP} = 1980 + 1980 = 3960 \] ### Step 5: Calculate the Overall Gain or Loss Now we can find out if there was a gain or loss: \[ \text{Total Loss} = \text{Total CP} - \text{Total SP} = 4000 - 3960 = 40 \] ### Step 6: Calculate the Loss Percentage To find the loss percentage, we use the formula: \[ \text{Loss Percentage} = \left(\frac{\text{Loss}}{\text{Total CP}}\right) \times 100 \] Substituting the values: \[ \text{Loss Percentage} = \left(\frac{40}{4000}\right) \times 100 = 1\% \] ### Final Answer Thus, Luxmi incurred a loss of **1%** in the whole transaction. ---
Promotional Banner

Topper's Solved these Questions

  • PROFIT AND LOSS

    RS AGGARWAL|Exercise EXERCISE 10B|14 Videos
  • PROFIT AND LOSS

    RS AGGARWAL|Exercise EXERCISE 10C|11 Videos
  • PROFIT AND LOSS

    RS AGGARWAL|Exercise TEST PAPER - 10 (D) (Write T for true and F for false for each of the following:)|4 Videos
  • PROBABILITY

    RS AGGARWAL|Exercise EXERCISE 25B OBJECTIVE QUESTIONS|8 Videos
  • QUADRILATERALS

    RS AGGARWAL|Exercise EXERCISE 15|8 Videos

Similar Questions

Explore conceptually related problems

Ankit sold two jeans for Rs.990 each.On one he gains 10% and on the other he loss 10%.Find the gain or loss percent in the whole transaction.

A man sold two radios for ? 2000 each. On one he gains 16% and on the other he losses 16%. Find his gain or loss per cent in the whole transaction.

A shopkeeper sold two fans for Rs. 1140 each. One he gains 14%, while on the other he loses 5%. Calculate his gain or loss percent in the whole transaction.

Gurpreet sells two watches for Rs.2970 each, gaining 10% on one and losing 10% on the other. Find her gain or loss percent in the whole transaction.

A man sold two flats for Rs.6,75,958 each.On one he gains 16% while on the other he loses 16%. How much does he gain or lose in the whole transaction?

A man sold two watches for Rs. 1000 each. On one he gains 25% and on the other 20% loss. Find how much % does he gain or lose in the whole transaction?

Aman sells two watches at 99 each. On one he get 10% profit and on the other he loses 10%. His net gain or loss percent is

A man sells two pipes at Rs. 12 each. He gains 20% on one and loses 20% on the other. find his gain or loss percent in the whole transaction

RS AGGARWAL-PROFIT AND LOSS -EXERCISE 10A
  1. A man purchsed some eggs at 3 for Rs. 16 and sold them at 5 for Rs.36 ...

    Text Solution

    |

  2. A dealer sold camera for Rs. 1080 gaining 1/8 of its cost price. Find...

    Text Solution

    |

  3. Meenakshi sells a pen for Rs.54 and loses 1/10 of her outlay. Find (i)...

    Text Solution

    |

  4. A dealer gets Rs. 940 more if instead of selling a table at a loss of ...

    Text Solution

    |

  5. A dealer gets Rs.56 less if instead of selling a chair at a gain of 15...

    Text Solution

    |

  6. A cycle was sold at a gain of 10%. Had it been sold for Rs. 260 more, ...

    Text Solution

    |

  7. Sonu buys 40kg of wheat at Rs. 12.50 per kg and 30kg of wheat at Rs. 1...

    Text Solution

    |

  8. Wasim bought two cricket bats for Rs. 840 and Rs. 360 respevtively. He...

    Text Solution

    |

  9. Hema bought two pairs of jeans for Rs. 1450 each. She sold one of them...

    Text Solution

    |

  10. A grocer purchased 200kg of rice at 25 per kg.He sold 80kg of it at a...

    Text Solution

    |

  11. If the selling price of a TV set is equal to 6/5 of its cost price, fi...

    Text Solution

    |

  12. If the selling price of a flower vase is 5/6 of its cost price, find t...

    Text Solution

    |

  13. By selling a bouquet for Rs.322 a florist gains 15%. At what price sho...

    Text Solution

    |

  14. By selling an umbrella for Rs. 336, a shopkeeper loses 4%. At what pri...

    Text Solution

    |

  15. A radio is sold for Rs. 3120 at a loss of 4%. What will be the gain or...

    Text Solution

    |

  16. Luxmi sold two sarees for Rs.1980 each. On one, she lost 10%. While on...

    Text Solution

    |

  17. A shopkeeper sold two fans for Rs. 1140 each. One he gains 14%, while...

    Text Solution

    |

  18. Vinod sold a watch to Arun at a gain of 12% and Arun had to sell it t...

    Text Solution

    |

  19. Ahmed buys a plot of land for Rs. 480000. He sells 2/5 of it at a los...

    Text Solution

    |

  20. A grocer bought sugar worth of Rs. 4500. He sold one-third of it at a ...

    Text Solution

    |