Answer:
1%
Step-by-step explanation:
The selling price for each radio is $2288.
Total selling price is
$4576.
Profit is 10%.
Loss is also 10%.
Cost price=
Cost price=
Utilizing the formula,
Cost price of the first radio is
$2080.
Cost price of the second radio is
=$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%=
Loss percentage is
1%.
Thus, the loss is 1%.
No, as the fraction equates to a whole number. Thus, it would actually be an increase.