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A shopkeeper purchased a TV for Rs.2,000...

A shopkeeper purchased a TV for Rs.2,000 and a radio for Rs.750. He sells the TV at a profit of 20% and ther radio at a loss of 5%. The total loss or gain is

A

Gain Rs.353.50

B

Gain Rs.362.50

C

Loss Rs.332

D

Loss Rs.300

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will calculate the profit from the TV and the loss from the radio, and then determine the total gain or loss. ### Step 1: Calculate the Profit from the TV The shopkeeper purchased the TV for Rs. 2000 and sells it at a profit of 20%. **Profit Calculation:** \[ \text{Profit on TV} = \text{Cost Price of TV} \times \text{Profit Percentage} \] \[ \text{Profit on TV} = 2000 \times \frac{20}{100} = 2000 \times 0.2 = 400 \] ### Step 2: Calculate the Selling Price of the TV To find the selling price of the TV, we add the profit to the cost price. **Selling Price Calculation:** \[ \text{Selling Price of TV} = \text{Cost Price of TV} + \text{Profit on TV} \] \[ \text{Selling Price of TV} = 2000 + 400 = 2400 \] ### Step 3: Calculate the Loss from the Radio The shopkeeper purchased the radio for Rs. 750 and sells it at a loss of 5%. **Loss Calculation:** \[ \text{Loss on Radio} = \text{Cost Price of Radio} \times \text{Loss Percentage} \] \[ \text{Loss on Radio} = 750 \times \frac{5}{100} = 750 \times 0.05 = 37.5 \] ### Step 4: Calculate the Selling Price of the Radio To find the selling price of the radio, we subtract the loss from the cost price. **Selling Price Calculation:** \[ \text{Selling Price of Radio} = \text{Cost Price of Radio} - \text{Loss on Radio} \] \[ \text{Selling Price of Radio} = 750 - 37.5 = 712.5 \] ### Step 5: Calculate Total Profit or Loss Now, we will calculate the total profit or loss by combining the profits and losses from both items. **Total Profit/Loss Calculation:** \[ \text{Total Profit} = \text{Profit on TV} - \text{Loss on Radio} \] \[ \text{Total Profit} = 400 - 37.5 = 362.5 \] ### Conclusion The total gain from the transactions is Rs. 362.5.
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