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A dealer sold two T.V sets for Rs. 3700 ...

A dealer sold two T.V sets for Rs. 3700 each. On one he gained `10%` and on the other he lost `10%`. The dealer's loss or gain per cent is-

A

`0%`

B

`0.1%`

C

`1%` gain

D

`1%` loss

Text Solution

AI Generated Solution

The correct Answer is:
To find the overall gain or loss percentage of the dealer from selling the two TV sets, we can follow these steps: ### Step 1: Calculate the Cost Price of Each TV Set Let the cost price of the first TV set be \( CP_1 \) and the second TV set be \( CP_2 \). - For the first TV set, the selling price (SP) is Rs. 3700, and the gain is 10%. \[ SP_1 = CP_1 + 10\% \text{ of } CP_1 = CP_1 + 0.1 \times CP_1 = 1.1 \times CP_1 \] Therefore, we can express \( CP_1 \) as: \[ 3700 = 1.1 \times CP_1 \implies CP_1 = \frac{3700}{1.1} = 3363.64 \text{ (approximately)} \] - For the second TV set, the selling price (SP) is also Rs. 3700, and the loss is 10%. \[ SP_2 = CP_2 - 10\% \text{ of } CP_2 = CP_2 - 0.1 \times CP_2 = 0.9 \times CP_2 \] Therefore, we can express \( CP_2 \) as: \[ 3700 = 0.9 \times CP_2 \implies CP_2 = \frac{3700}{0.9} = 4111.11 \text{ (approximately)} \] ### Step 2: Calculate the Total Cost Price and Total Selling Price Now, we can calculate the total cost price (TCP) and total selling price (TSP) of both TV sets. - Total Cost Price (TCP): \[ TCP = CP_1 + CP_2 = 3363.64 + 4111.11 = 7474.75 \] - Total Selling Price (TSP): \[ TSP = SP_1 + SP_2 = 3700 + 3700 = 7400 \] ### Step 3: Calculate the Overall Gain or Loss Now, we can find the overall gain or loss by comparing the total selling price with the total cost price. - Loss: \[ \text{Loss} = TCP - TSP = 7474.75 - 7400 = 74.75 \] ### Step 4: Calculate the Loss Percentage To find the loss percentage, we use the formula: \[ \text{Loss Percentage} = \left( \frac{\text{Loss}}{TCP} \right) \times 100 \] Substituting the values: \[ \text{Loss Percentage} = \left( \frac{74.75}{7474.75} \right) \times 100 \approx 1\% \] ### Final Answer The dealer's loss percentage is approximately **1%**. ---
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