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A man purchased a scooter for RS 6250 an...

A man purchased a scooter for RS 6250 and sold it at 8% profit. He purchased another scooter for RS 3750. After selling it, he found that he has gained 2% on the whole. Then in the sale of the second scooter, he has

A

8% loss

B

8% gain

C

10% gain

D

6% loss

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 Scooter The man purchased the first scooter for Rs. 6250 and sold it at an 8% profit. **Formula for Selling Price (SP)**: \[ SP = CP + (Profit \% \times CP) \] Where: - CP = Cost Price - Profit % = 8% **Calculation**: 1. Calculate the profit: \[ Profit = 8\% \text{ of } 6250 = \frac{8}{100} \times 6250 = 500 \] 2. Calculate the selling price: \[ SP = 6250 + 500 = 6750 \] ### Step 2: Calculate the Total Cost Price of Both Scooters The man purchased another scooter for Rs. 3750. **Total Cost Price (CP)**: \[ Total CP = CP_{1} + CP_{2} = 6250 + 3750 = 10000 \] ### Step 3: Calculate the Total Selling Price for a 2% Profit The man gained a total profit of 2% on the whole transaction. **Formula for Total Selling Price (SP)**: \[ SP = CP + (Profit \% \times CP) \] **Calculation**: 1. Calculate the total profit: \[ Total Profit = 2\% \text{ of } 10000 = \frac{2}{100} \times 10000 = 200 \] 2. Calculate the total selling price: \[ Total SP = Total CP + Total Profit = 10000 + 200 = 10200 \] ### Step 4: Calculate the Selling Price of the Second Scooter We already calculated the selling price of the first scooter as Rs. 6750. **Selling Price of the Second Scooter (SP2)**: \[ SP_{2} = Total SP - SP_{1} = 10200 - 6750 = 3450 \] ### Step 5: Calculate the Profit or Loss on the Second Scooter The cost price of the second scooter is Rs. 3750. **Profit or Loss Calculation**: \[ Profit/Loss = SP - CP \] Where: - SP = Selling Price of the second scooter - CP = Cost Price of the second scooter **Calculation**: \[ Profit/Loss = 3450 - 3750 = -300 \] This indicates a loss of Rs. 300 on the second scooter. ### Final Answer In the sale of the second scooter, he has incurred a loss of Rs. 300. ---
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