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A shopkeeper sells two televisions for R...

A shopkeeper sells two televisions for Rs 1955 each, gaining 15% on one and losing 15% on other. Find his gain or loss percent in the whole transaction.

A

Profit, `2(1/4)` %

B

Profit, 3%

C

Loss, `2(1/4) %`

D

Loss, 3%

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem, we need to find the cost price of each television and then calculate the overall gain or loss percentage from selling both televisions. ### Step-by-Step Solution: 1. **Identify the Selling Price (SP)**: The shopkeeper sells each television for Rs 1955. \[ SP_1 = SP_2 = 1955 \] 2. **Calculate the Cost Price (CP) for the first television**: The first television is sold at a gain of 15%. Let the cost price of the first television be \( CP_1 \). The formula for selling price when there is a gain is: \[ SP = CP + \text{Gain} \] Since Gain = 15% of CP, we can write: \[ SP_1 = CP_1 + 0.15 \times CP_1 = 1.15 \times CP_1 \] Rearranging gives: \[ CP_1 = \frac{SP_1}{1.15} = \frac{1955}{1.15} \approx 1700 \] 3. **Calculate the Cost Price (CP) for the second television**: The second television is sold at a loss of 15%. Let the cost price of the second television be \( CP_2 \). The formula for selling price when there is a loss is: \[ SP = CP - \text{Loss} \] Since Loss = 15% of CP, we can write: \[ SP_2 = CP_2 - 0.15 \times CP_2 = 0.85 \times CP_2 \] Rearranging gives: \[ CP_2 = \frac{SP_2}{0.85} = \frac{1955}{0.85} \approx 2300 \] 4. **Calculate the Total Cost Price (CP)**: Now, we can find the total cost price of both televisions: \[ CP_{total} = CP_1 + CP_2 = 1700 + 2300 = 4000 \] 5. **Calculate the Total Selling Price (SP)**: The total selling price of both televisions is: \[ SP_{total} = SP_1 + SP_2 = 1955 + 1955 = 3910 \] 6. **Calculate Gain or Loss**: To find the overall gain or loss, we subtract the total cost price from the total selling price: \[ \text{Loss} = CP_{total} - SP_{total} = 4000 - 3910 = 90 \] 7. **Calculate the Loss Percentage**: The loss percentage can be calculated using the formula: \[ \text{Loss Percentage} = \left( \frac{\text{Loss}}{CP_{total}} \right) \times 100 = \left( \frac{90}{4000} \right) \times 100 = 2.25\% \] ### Final Answer: The shopkeeper incurs a loss of 2.25% in the whole transaction.
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