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Manoj sells one item at 16% profit and another item at 6% loss.
If purchase price of each item is Rs. 600, then find his profit or loss percentage.?
If purchase price of each item is Rs. 600, then find his profit or loss percentage.?
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Manoj sells one item at 16% profit and another item at 6% loss.If purc...
Calculation of Profit or Loss Percentage
1. Given Information:
- Manoj sells one item at 16% profit and another item at 6% loss.
- Purchase price of each item is Rs. 600.
2. Calculation of Selling Price:
- For the item sold at 16% profit:
- Selling Price = Cost Price + Profit
- Selling Price = Rs. 600 + 16% of Rs. 600
- Selling Price = Rs. 600 + Rs. 96 = Rs. 696
- For the item sold at 6% loss:
- Selling Price = Cost Price - Loss
- Selling Price = Rs. 600 - 6% of Rs. 600
- Selling Price = Rs. 600 - Rs. 36 = Rs. 564
3. Calculation of Total Cost and Total Selling Price:
- Total Cost Price = 2 * Rs. 600 = Rs. 1200
- Total Selling Price = Rs. 696 + Rs. 564 = Rs. 1260
4. Calculation of Profit or Loss:
- Profit = Total Selling Price - Total Cost Price
- Profit = Rs. 1260 - Rs. 1200 = Rs. 60
5. Calculation of Profit Percentage:
- Profit Percentage = (Profit / Total Cost Price) * 100
- Profit Percentage = (60 / 1200) * 100
- Profit Percentage = 5%
Therefore, Manoj's profit percentage is 5%.
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Manoj sells one item at 16% profit and another item at 6% loss.If purchase price of each item is Rs. 600, then find his profit or loss percentage.?
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Manoj sells one item at 16% profit and another item at 6% loss.If purchase price of each item is Rs. 600, then find his profit or loss percentage.? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Manoj sells one item at 16% profit and another item at 6% loss.If purchase price of each item is Rs. 600, then find his profit or loss percentage.? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Manoj sells one item at 16% profit and another item at 6% loss.If purchase price of each item is Rs. 600, then find his profit or loss percentage.?.
Manoj sells one item at 16% profit and another item at 6% loss.If purchase price of each item is Rs. 600, then find his profit or loss percentage.? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Manoj sells one item at 16% profit and another item at 6% loss.If purchase price of each item is Rs. 600, then find his profit or loss percentage.? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Manoj sells one item at 16% profit and another item at 6% loss.If purchase price of each item is Rs. 600, then find his profit or loss percentage.?.
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