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A shopkeeper purchased a TV for $ 2,000 and a radio for $ 750. He sells the TV at a profit of 20% and the radio at a loss of 5%. The total loss or gain is
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- Gain $ 352.50
- Gain $ 362.50
- Loss $ 332
- Loss $ 300
Correct Option: B
Given , C.P. of TV = $ 2000
| ∴ S.P. of TV = 2000 × | | = $ 2400 | | 100 |
C.P. of radio = $ 750
| ∴ S.P. of radio = | | = $ 712.5 | | 100 |
Total S.P. = 2400 + 712.5 = $ 3112.50
Total C.P. = 2000 + 750 = $ 2750
∴ Gain = Total S.P. - Total C.P. = 3112.5 – 2750 = $ 362.50
