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A shopkeeper buys two cameras at the sam...

A shopkeeper buys two cameras at the same price. He sells one camera at a profit of 18% and the other at a price of 10% less than the selling price of the first. His total profit or loss percent is :

A

a)12.1% profit

B

b)12.1% loss

C

c)12.2% profit

D

d)11.1% loss

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AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will follow the given information about the shopkeeper's transactions with the cameras. ### Step 1: Define the Cost Price (CP) Let's assume the cost price of each camera is \( CP = 100 \) (we can assume any value since they are the same). ### Step 2: Calculate the Selling Price (SP) of the First Camera The shopkeeper sells the first camera at a profit of 18%. - Profit = 18% of CP = \( 18\% \times 100 = 18 \) - Selling Price of the first camera = \( CP + Profit = 100 + 18 = 118 \) ### Step 3: Calculate the Selling Price (SP) of the Second Camera The second camera is sold at a price that is 10% less than the selling price of the first camera. - 10% of the SP of the first camera = \( 10\% \times 118 = 11.8 \) - Selling Price of the second camera = \( SP_{first} - 10\% \text{ of } SP_{first} = 118 - 11.8 = 106.2 \) ### Step 4: Calculate the Total Cost Price (CP) and Total Selling Price (SP) - Total Cost Price for two cameras = \( 100 + 100 = 200 \) - Total Selling Price for both cameras = \( SP_{first} + SP_{second} = 118 + 106.2 = 224.2 \) ### Step 5: Calculate Total Profit - Total Profit = Total Selling Price - Total Cost Price = \( 224.2 - 200 = 24.2 \) ### Step 6: Calculate Profit Percentage - Profit Percentage = \( \left( \frac{Total Profit}{Total CP} \right) \times 100 = \left( \frac{24.2}{200} \right) \times 100 \) - Profit Percentage = \( 12.1\% \) ### Final Answer The total profit percentage is \( 12.1\% \). ---
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