Question

Geetha sold 2 sarees each for Rs.6000. On one saree she got 25% profit and on another saree 25% loss. Find the loss or profit on the whole transaction.

Answer 1

Hint: In these types of questions you can apply the basic formula of profit and loss and find the cost price of the product and determine the value of total loss or profit.

Complete step-by-step answer:
Selling price of each sarees is Rs.6000
For saree in which Geetha got profit of 25%
Cost price = $\dfrac{{S.P \times 100}}{{100 + profit\% }}$ here S.P is selling price
$\dfrac{{6000 \times 100}}{{100 + 25}}$= Rs.4800
For saree in which Geetha got loss of 25%
Cost price =$\dfrac{{S.P \times 100}}{{100 - loss\% }}$ here S.P is selling price
$\dfrac{{6000 \times 100}}{{100 - 25}}$=Rs.8000
So the total Cost price =8000+4800=Rs.12800
Therefore Loss =Cost price – Selling price =12800-12000=Rs800

Note: In these types question find the cost price and then subtract it selling price from it (i.e. C.P –S.P) if there is loss in the whole transaction, and if there is a profit then subtract cost price from selling price (i.e. S.P – C.P).