3 months ago

Jai Narayan sells two radio sets for 2288 each.

Mathematics

1 answer:

tester [12.3K]3 months ago

5 0

Answer:

Step-by-step explanation:

The selling price for each radio is $2288.

Total selling price is $2\times 2288=$ $4576.

Profit is 10%.

Loss is also 10%.

Cost price= $\frac{S.P\times 100}{100+gain(in\;percent)}$

Cost price= $\frac{S.P\times 100}{100-loss(in\;percent)}$

Utilizing the formula,

Cost price of the first radio is $\frac{2288\times 100}{110}=$ $2080.

Cost price of the second radio is $\frac{2288\times 100}{100-10}$ =$2542.2.

The combined cost price for both radios totals 2080+2542.2=$4622.2.

Total cost price exceeds total selling price.

Loss equals selling price minus cost price.

Loss is calculated as 4622.2-4576=$46.2.

Loss%= $\frac{Loss}{C.P}\times 100$

Loss percentage is $\frac{46.2}{4622.2}\times 100=$ 1%.

Thus, the loss is 1%.

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