Multiple choice

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.

  1. Profit =2%

  2. Profit =1%

  3. Profit =3%

  4. Profit =4%
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Since the cost price of both items is the same (8,000), the overall gain/loss percentage is the average of the individual percentages: (-4% + 8%) / 2 = 4% / 2 = 2% profit.

AI explanation

The total cost price for both items is 16000 rupees. The loss on the VCR is 4 percent of 8000, which is 320 rupees, and the profit on the TV is 8 percent of 8000, which is 640 rupees. The net profit is 640 minus 320, equaling 320 rupees. This net gain of 320 rupees on the total cost of 16000 gives a profit percentage of 320 divided by 16000 multiplied by 100, which is 2 percent.

Keep practicing — related questions