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Kamal sold two scooters for Rs. 19800 ea...

Kamal sold two scooters for Rs. 19800 each, gaining 10% on the one and losing 10% on the other. Find his gain or loss per cent on the whole transaction.

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To solve the problem step by step, we will calculate the cost price of each scooter based on the selling price and the gain/loss percentages, then find the total cost price and selling price to determine the overall gain or loss percentage. ### Step 1: Determine the Selling Price of Each Scooter The selling price (SP) of each scooter is given as Rs. 19,800. ### Step 2: Calculate the Cost Price of the First Scooter Kamal gains 10% on the first scooter. We can use the formula for selling price in terms of cost price and gain percentage: \[ SP = CP + \text{Gain} \] Where Gain can be expressed as: \[ \text{Gain} = \frac{\text{Gain Percentage}}{100} \times CP \] Let the cost price of the first scooter be \( X \). Then, \[ 19,800 = X + \frac{10}{100} \times X \] This simplifies to: \[ 19,800 = X + 0.1X = 1.1X \] Now, solving for \( X \): \[ X = \frac{19,800}{1.1} = 18,000 \] So, the cost price of the first scooter is Rs. 18,000. ### Step 3: Calculate the Cost Price of the Second Scooter Kamal loses 10% on the second scooter. Using a similar approach: Let the cost price of the second scooter be \( Y \). The loss can be expressed as: \[ SP = CP - \text{Loss} \] Where Loss is: \[ \text{Loss} = \frac{\text{Loss Percentage}}{100} \times CP \] Thus, \[ 19,800 = Y - \frac{10}{100} \times Y \] This simplifies to: \[ 19,800 = Y - 0.1Y = 0.9Y \] Now, solving for \( Y \): \[ Y = \frac{19,800}{0.9} = 22,000 \] So, the cost price of the second scooter is Rs. 22,000. ### Step 4: Calculate the Total Cost Price and Total Selling Price Now, we can find the total cost price and total selling price for both scooters: - Total Cost Price (CP) = Cost Price of First Scooter + Cost Price of Second Scooter \[ CP = 18,000 + 22,000 = 40,000 \] - Total Selling Price (SP) = Selling Price of First Scooter + Selling Price of Second Scooter \[ SP = 19,800 + 19,800 = 39,600 \] ### Step 5: Determine Overall Gain or Loss To find the overall gain or loss, we subtract the total selling price from the total cost price: \[ \text{Loss} = CP - SP = 40,000 - 39,600 = 400 \] ### Step 6: Calculate the Loss Percentage Finally, we can calculate the loss percentage using the formula: \[ \text{Loss Percentage} = \left(\frac{\text{Loss}}{\text{Total Cost Price}}\right) \times 100 \] Substituting the values: \[ \text{Loss Percentage} = \left(\frac{400}{40,000}\right) \times 100 = 1\% \] ### Conclusion Kamal incurred a loss of 1% on the whole transaction. ---
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ICSE-PROFIT AND LOSS -EXERCISE 10
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  5. A man bought a refrigerator for Rs. 35615 and paid Rs. 125 on its tra...

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  6. By selling a bicycle for Rs. 5670 a trader gains Rs. 270. Find his gai...

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  7. By selling a chair for Rs. 1410 a carpenter suffers a loss of Rs. 90. ...

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  8. A fruit-seller bought bananas at the rate of 3 for Rs. 8 and sold them...

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  9. Lemons are bought at the rate of 3 for Rs. 4. At what rate must they b...

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  10. The selling price of 12 pens is equal to the cost price of 14 pens. Fi...

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  11. The cost price of 12 oranges is equal to the selling price of 15 orang...

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  12. Vinay sold a plot of land for Rs. 143000, gaining 4%. For how much did...

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  13. John sold his T.V. set for Rs. 14100, losing 6%. For how much did he p...

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  14. On selling a bed for Rs. 10800, a carpenter loses 10%. For what amount...

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  15. On selling an almirah for Rs. 20350, a man gains 10%. What per cent do...

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  16. On selling a fan for Rs. 4700, a shopkeeper loses 6%. At what price mu...

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  17. Kamal sold two scooters for Rs. 19800 each, gaining 10% on the one and...

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  18. A buys an article for Rs. 650 and sells it to B at a profit of 20%. B ...

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