A shopkeeper buys two watches for ₹1,200 each. He sells the first watch at a profit of 15% and the second watch at a loss of 10%. He then gives ₹100 cashback to the buyer who bought the first watch. What is the shopkeeper's overall profit or loss?
₹40 loss
Total cost price: \(1200+1200=\) ₹2400.
Selling price of the first watch at 15% profit: \(1200\times 1.15=\) ₹1380; after ₹100 cashback the net receipt is ₹1280.
Selling price of the second watch at 10% loss: \(1200\times 0.90=\) ₹1080.
Total selling receipts: \(1280+1080=\) ₹2360.
Net outcome: \(2400-2360=\) ₹40 shortfall.
Hence, the shopkeeper incurs an overall loss of ₹40.
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Important Questions from Profit and Loss
- Veer bought some sharpeners at the rate of ₹180/dozen. He sold them for ₹23 each. His profit percentage is ____ % (rounded off to two decimal places).
- A shopkeeper lists the price of a fan at 60% above its cost price and offers a 15% discount on its list price. If he earns a profit of ₹117, then what is the list price (in ₹) of the fan?
- The marked price of an article is ₹800. It is sold at two successive discounts of 24% and 15%, respectively. Find the selling price of the article.
- A discount of 13% on the marked price of an article is allowed and then the article is sold for ₹348. The marked price of the article is:
- A trader claims to sell grains at a profit of 29%, but also dishonestly uses a weight which is 13% less than what is mentioned on it. Find the total percentage of profit earned by the trader. (Round off the answer to the nearest whole number.)
