Question

A shopkeeper purchased two laptops for Rs. 504 each. After a month he sold one laptop and gets 25% profit and on the other he loses 16.67%. What is the approximate profit or loss percentage on the whole transaction? 
1. 2.26%
2. 4.16%
3. 4%
4. 6%

Answer 1

Correct Answer - Option 2 : 4.16%

Given:

Cost price of two laptops of each = 504

Profit percentage = 25%

Loss percentage = 16.67%

Concept:

Profit = (SP – CP)

Calculation:

After making 25% profit Selling Price of the laptop = 504 + (504 × 25%) = 504 + 126 = 630

After making 16.67% loss Selling Price of the laptop = 504 – (504 × 16.67%) = 504 – 84 = 420

Total Cost price = (504 × 2) = 1008

Total Selling price = (630 + 420) = 1050

Difference = (1050 – 1008) = 42

Required profit percentage = (42/1008) × 100 ≈ 4.16%

∴ Profit% is 4.16%