Home
Class 8
MATHS
Avinash bought an electric iron for Rs 9...

Avinash bought an electric iron for Rs 900 and sold it at a gain of 10%. He sold another electric iron at 5% loss which was bought Rs 1200. On the transaction he has a

A

Profit of Rs 75

B

Loss of Rs 75

C

Profit of Rs 30

D

Loss of Rs 30

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, let's break it down: ### Step 1: Calculate the Selling Price of the First Electric Iron - **Cost Price (CP)** of the first electric iron = Rs. 900 - **Gain** = 10% To find the Selling Price (SP), we use the formula: \[ \text{SP} = \text{CP} + \text{Profit} \] Where Profit is calculated as: \[ \text{Profit} = \frac{\text{Gain} \times \text{CP}}{100} \] Calculating the Profit: \[ \text{Profit} = \frac{10 \times 900}{100} = 90 \] Now, substituting back to find SP: \[ \text{SP} = 900 + 90 = 990 \] ### Step 2: Calculate the Selling Price of the Second Electric Iron - **Cost Price (CP)** of the second electric iron = Rs. 1200 - **Loss** = 5% To find the Selling Price (SP), we use the formula: \[ \text{SP} = \text{CP} - \text{Loss} \] Where Loss is calculated as: \[ \text{Loss} = \frac{\text{Loss Percentage} \times \text{CP}}{100} \] Calculating the Loss: \[ \text{Loss} = \frac{5 \times 1200}{100} = 60 \] Now, substituting back to find SP: \[ \text{SP} = 1200 - 60 = 1140 \] ### Step 3: Calculate Total Cost Price and Total Selling Price - **Total CP** = CP of first iron + CP of second iron \[ \text{Total CP} = 900 + 1200 = 2100 \] - **Total SP** = SP of first iron + SP of second iron \[ \text{Total SP} = 990 + 1140 = 2130 \] ### Step 4: Calculate the Overall Profit or Loss To find the overall profit or loss, we use the formula: \[ \text{Profit} = \text{Total SP} - \text{Total CP} \] Calculating the Profit: \[ \text{Profit} = 2130 - 2100 = 30 \] ### Conclusion Avinash made a total profit of Rs. 30 on the transaction involving both electric irons. ---
Promotional Banner

Topper's Solved these Questions

  • COMPARING QUANTITIES

    NCERT EXEMPLAR|Exercise Appications, Gamess and Puzzles|1 Videos
  • COMPARING QUANTITIES

    NCERT EXEMPLAR|Exercise Think and Discuss|2 Videos
  • COMPARING QUANTITIES

    NCERT EXEMPLAR|Exercise Think and Discuss|2 Videos
  • ALGEBRAIC EXPRESSIONS, IDENTITIES AND FACTORISATION

    NCERT EXEMPLAR|Exercise EXERCISE |328 Videos
  • DATA HANDLING

    NCERT EXEMPLAR|Exercise EXERCISE|73 Videos

Similar Questions

Explore conceptually related problems

A man bought a radio for Rs. 900 and sold it for Rs. 1,200. Calcuate his gain per cent:

A man bought a horse and a carriage for 40,000. He sold the horse at a gain of 10% and the carriage at a loss of 5%. He gained 1% on his whole transaction. The cast price of the horse was—

If a chair is bought for Rs. 2000 and is sold at a gain of 10%, then selling price of the chair is Rs. 2010.

A bag is bought for Rs 2,000 and sold at a loss of 5%. Find its selling price.

A shopkeeper bought a cycle for Rs 1200 and sold it for Rs 1500 . Find his profit or loss percentage

Three articles are bought at Rs400 each. One of them is sold at a loss of 10%. If the other two articles are sold so as to gain 20% on the whole transaction, then what is the gain percentage on the two articles?

Naveet bought a refrigerator for Rs 10000 and a washing machine for Rs 7500 .He sold the refrigerator at a loss of 12% and the washing machine at a gain of 20%. Find his total gain or loss %

NCERT EXEMPLAR-COMPARING QUANTITIES-Exercise
  1. A sum is taken for two years at 16% p.a. If interest is compounded aft...

    Text Solution

    |

  2. The original price of a washing machine which was bought for Rs 13,500...

    Text Solution

    |

  3. Avinash bought an electric iron for Rs 900 and sold it at a gain of 10...

    Text Solution

    |

  4. A TV set was bought for Rs 26,250 including 5% VAT. The original price...

    Text Solution

    |

  5. 40% of [ 100 – 20% of 300] is equal to

    Text Solution

    |

  6. Radhika bought a car for Rs 2,50,000. Next year its price decreased by...

    Text Solution

    |

  7. is a reduction on the marked price of the article.

    Text Solution

    |

  8. Increase of a number from 150 to 162 is equal to increase of per cent...

    Text Solution

    |

  9. 15% increase in price of an article, which is Rs 1,620, is the increas...

    Text Solution

    |

  10. Discount=.

    Text Solution

    |

  11. Discount = Discount % of .

    Text Solution

    |

  12. is charged on the sale of an item by the government and is added to th...

    Text Solution

    |

  13. What is amount when compounded annually.

    Text Solution

    |

  14. Sales tax = tax % of .

    Text Solution

    |

  15. The time period after which the interest is added each time to form a ...

    Text Solution

    |

  16. expenses are the additional expenses incurred by a buyer for an item o...

    Text Solution

    |

  17. The discount on an item for sale is calculated on the .

    Text Solution

    |

  18. When principal P is compounded semi-annually at r % per annum for t ye...

    Text Solution

    |

  19. Percentages are to fractions with equal to 100.

    Text Solution

    |

  20. The marked price of an article when it is sold for Rs 880 after a disc...

    Text Solution

    |