A VCR and TV were bought for Rs 8,000 each. The shopkeeper made a loss of 4% on the VCR and a profit of 8% on the TV. Find the gain or loss percent on the whole transaction.

Question

A VCR and TV were bought for Rs 8,000 each. The shopkeeper made a loss of 4% on the VCR and a profit of 8% on the TV. Find the gain or loss percent on the whole transaction. &#xA0;

Philoid · Accepted Answer

Loss on VCR = 4% of 8000

= (4/100) × 8000

= Rs320

Profit on TV = 8% of 8000

= (8/100) × 8000

= Rs640

∴ overall profit made by the shopkeeper = 640 – 320 = Rs320

Percentage profit =