Rayyan purchased a refrigerator and a mobile phone for Rs. 15000 and Rs. 8000 respectively. He sold the refrigerator at a loss of 4 percent and the mobile phone at a profit of 10 percent. Overall he make a________?
Correct answer: D. profit of Rs. 200
- A. loss of Rs. 200
- B. loss of Rs. 100
- C. profit of Rs. 100
- D. profit of Rs. 200
- E. None of these
Explanation
The refrigerator sells for Rs. 15000 x 0.96 = Rs. 14400, and the mobile phone sells for Rs. 8000 x 1.10 = Rs. 8800. Total cost is Rs. 23000 and total sales are Rs. 23200, so the overall result is a profit of Rs. 200. The likely mistake is choosing a Rs. 200 loss by applying the 4% loss to the combined cost without accounting for the mobile phone's profit.
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About Profit and Loss
Profit and loss compare the cost price and selling price of an item, using profit or loss percentages based on the cost price unless stated otherwise. Questions include marked price, discount, successive discounts, commission, and finding an unknown price, with care needed to distinguish discount from loss.
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