A merchant buys a watch for ₹1,500 and sells it at a 10% loss. He then buys the samemodel for ₹1,600 and sells it at a 20% profit. Find the overall profit or loss percentage(rounded off to 2 decimal places).
Given:
First transaction: Cost Price = ₹1500, Loss = 10%
Second transaction: Cost Price = ₹1600, Profit = 20%
Formula Used:
Percentage =
Solution:
First transaction:
Selling Price = 1500 − 10% of 1500
= 1500 − 150 = ₹1350
Second transaction:
Selling Price = 1600 + 20% of 1600
= 1600 + 320 = ₹1920
Total CP = ₹1500 + ₹1600 = ₹3100
Total SP = ₹1350 + ₹1920 = ₹3270
Net Profit = ₹3270 − ₹3100 = ₹170
Profit % =
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