Question

An electrician buys a used T.V. for Rs 12,000 and a used Fridge for Rs 11,000. After spending Rs 1,000 on repairing the T.V. and Rs 1500 on painting the Fridge, he fixes up the M.P. of T.V. as Rs 15,000 and that of Fridge as Rs 15,500. If he gives Rs 1000 discount on each find his profit or loss.

Answer 1

Total cost price of TV and Fridge = Rs 12,000 + Rs 11,000 + Rs 1,000 + Rs 1,500 = Rs 25,500

Selling price of TV = MP – Discount = Rs 15,000 – Rs 1,000 = Rs 14,000

Selling price of Fridge = MP – Discount = Rs 15,500 – Rs 1,000 = Rs 14,500

Total Selling price of TV and Fridge = Rs 14,000 + Rs 14,500 = Rs 28,500

SP > CP

Profit = SP – CP = Rs 28,500 – Rs 25,500 = Rs 3,000