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Ravi sells his TV for 20% profit and his radio for 15% loss. It is known that the cost price of radio is 20% the cost price of TV. Find the overall profit or loss percentage?
- a)15% loss
- b)15% profit
- c)25% loss
- d)25% profit
Correct answer is option 'B'. Can you explain this answer?
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Verified Answer
Ravi sells his TV for 20% profit and his radio for 15% loss. It is kno...
Let CP of TV = 100
Then CP of Radio = 20% of 100 = 20
SP of TV = 1.2(100) = 120
SP of Radio = (0.85)(20) = 17
Total SP = 120+17 = 137
Total CP = 100+20 = 120
Profit = 137-120 = 17
So the answer is option B.
Most Upvoted Answer
Ravi sells his TV for 20% profit and his radio for 15% loss. It is kno...
Understanding the Problem
Ravi sells a TV and a radio, where the cost price of the radio is 20% of the cost price of the TV. He makes a profit on the TV and a loss on the radio. We need to calculate the overall profit or loss percentage.
Let’s Define Cost Prices
- Let the cost price of the TV be CP(TV) = 100 (for simplicity).
- Then, the cost price of the radio will be CP(Radio) = 20% of CP(TV) = 20% of 100 = 20.
Calculating Selling Prices
- Selling Price of TV: Ravi sells the TV for a 20% profit.
- SP(TV) = CP(TV) + Profit = 100 + (20% of 100) = 100 + 20 = 120.
- Selling Price of Radio: Ravi sells the radio for a 15% loss.
- SP(Radio) = CP(Radio) - Loss = 20 - (15% of 20) = 20 - 3 = 17.
Calculating Total Costs and Revenues
- Total Cost Price (CP) = CP(TV) + CP(Radio) = 100 + 20 = 120.
- Total Selling Price (SP) = SP(TV) + SP(Radio) = 120 + 17 = 137.
Calculating Overall Profit or Loss
- Total Profit = Total SP - Total CP = 137 - 120 = 17.
- Profit Percentage = (Total Profit / Total CP) * 100 = (17 / 120) * 100 ≈ 14.17%.
Since the profit percentage is approximately 15%, we can conclude:
Final Conclusion
- The overall result is a 15% profit. Therefore, the correct answer is option 'B'.
Ravi sells a TV and a radio, where the cost price of the radio is 20% of the cost price of the TV. He makes a profit on the TV and a loss on the radio. We need to calculate the overall profit or loss percentage.
Let’s Define Cost Prices
- Let the cost price of the TV be CP(TV) = 100 (for simplicity).
- Then, the cost price of the radio will be CP(Radio) = 20% of CP(TV) = 20% of 100 = 20.
Calculating Selling Prices
- Selling Price of TV: Ravi sells the TV for a 20% profit.
- SP(TV) = CP(TV) + Profit = 100 + (20% of 100) = 100 + 20 = 120.
- Selling Price of Radio: Ravi sells the radio for a 15% loss.
- SP(Radio) = CP(Radio) - Loss = 20 - (15% of 20) = 20 - 3 = 17.
Calculating Total Costs and Revenues
- Total Cost Price (CP) = CP(TV) + CP(Radio) = 100 + 20 = 120.
- Total Selling Price (SP) = SP(TV) + SP(Radio) = 120 + 17 = 137.
Calculating Overall Profit or Loss
- Total Profit = Total SP - Total CP = 137 - 120 = 17.
- Profit Percentage = (Total Profit / Total CP) * 100 = (17 / 120) * 100 ≈ 14.17%.
Since the profit percentage is approximately 15%, we can conclude:
Final Conclusion
- The overall result is a 15% profit. Therefore, the correct answer is option 'B'.
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Ravi sells his TV for 20% profit and his radio for 15% loss. It is known that the cost price of radio is 20% the cost price of TV. Find the overall profit or loss percentage?a)15% lossb)15% profitc)25% lossd)25% profitCorrect answer is option 'B'. Can you explain this answer?
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Ravi sells his TV for 20% profit and his radio for 15% loss. It is known that the cost price of radio is 20% the cost price of TV. Find the overall profit or loss percentage?a)15% lossb)15% profitc)25% lossd)25% profitCorrect answer is option 'B'. Can you explain this answer? for Railways 2024 is part of Railways preparation. The Question and answers have been prepared according to the Railways exam syllabus. Information about Ravi sells his TV for 20% profit and his radio for 15% loss. It is known that the cost price of radio is 20% the cost price of TV. Find the overall profit or loss percentage?a)15% lossb)15% profitc)25% lossd)25% profitCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Railways 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Ravi sells his TV for 20% profit and his radio for 15% loss. It is known that the cost price of radio is 20% the cost price of TV. Find the overall profit or loss percentage?a)15% lossb)15% profitc)25% lossd)25% profitCorrect answer is option 'B'. Can you explain this answer?.
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Ravi sells his TV for 20% profit and his radio for 15% loss. It is known that the cost price of radio is 20% the cost price of TV. Find the overall profit or loss percentage?a)15% lossb)15% profitc)25% lossd)25% profitCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for Ravi sells his TV for 20% profit and his radio for 15% loss. It is known that the cost price of radio is 20% the cost price of TV. Find the overall profit or loss percentage?a)15% lossb)15% profitc)25% lossd)25% profitCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of Ravi sells his TV for 20% profit and his radio for 15% loss. It is known that the cost price of radio is 20% the cost price of TV. Find the overall profit or loss percentage?a)15% lossb)15% profitc)25% lossd)25% profitCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an
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