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A person sells two machines at Rs .396 e...

A person sells two machines at Rs .396 each.On one he gains 10% and on the other he loses 10%.His profit or loss in the whole transaction is:

A

No gain no loss

B

1% loss

C

1% profit

D

8% profit

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will first calculate the cost price of each machine and then determine the overall profit or loss from the transactions. ### Step 1: Determine the Selling Price of Each Machine The selling price of both machines is given as Rs. 396 each. ### Step 2: Calculate the Cost Price of the First Machine For the first machine, we know that there is a gain of 10%. Using the formula for gain percentage: \[ \text{Gain \%} = \frac{\text{Selling Price} - \text{Cost Price}}{\text{Cost Price}} \times 100 \] Let the cost price of the first machine be \( x \). \[ 10 = \frac{396 - x}{x} \times 100 \] Rearranging the equation: \[ 10x = 39600 - 100x \] \[ 10x + 100x = 39600 \] \[ 110x = 39600 \] \[ x = \frac{39600}{110} = 360 \] So, the cost price of the first machine is Rs. 360. ### Step 3: Calculate the Cost Price of the Second Machine For the second machine, there is a loss of 10%. Using the formula for loss percentage: \[ \text{Loss \%} = \frac{\text{Cost Price} - \text{Selling Price}}{\text{Cost Price}} \times 100 \] Let the cost price of the second machine be \( y \). \[ 10 = \frac{y - 396}{y} \times 100 \] Rearranging the equation: \[ 10y = 100y - 39600 \] \[ 10y + 39600 = 100y \] \[ 39600 = 90y \] \[ y = \frac{39600}{90} = 440 \] So, the cost price of the second machine is Rs. 440. ### Step 4: Calculate the Total Cost Price and Total Selling Price Total cost price of both machines: \[ \text{Total Cost Price} = 360 + 440 = 800 \] Total selling price of both machines: \[ \text{Total Selling Price} = 396 + 396 = 792 \] ### Step 5: Determine Overall Profit or Loss Now, we can calculate the overall profit or loss: \[ \text{Loss} = \text{Total Cost Price} - \text{Total Selling Price} = 800 - 792 = 8 \] ### Step 6: Calculate the Loss Percentage To find the loss percentage: \[ \text{Loss \%} = \frac{\text{Loss}}{\text{Total Cost Price}} \times 100 \] \[ \text{Loss \%} = \frac{8}{800} \times 100 = 1 \] ### Conclusion The overall transaction results in a loss of 1%.
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