Avinash bought an electric iron for rupees 900 and sold it for a gain of 10% he sold another electric iron at 5% loss which was bought for rupees 12000 on the transaction he has a) Profit of Rs 75
b) Loss of Rs 75
c) Profit of Rs 30
d) Loss of Rs 30

Note: Cost of second iron must be 1200 instead of 12000.

Given:

Cost of first electric iron = 900

Grain on first electric iron = 10%

Cost of second electric iron = 1200

Loss on second electric iron = 5%

To find:

The correct statement for the given problem.

Solution:

We have,

Cost of first electric iron = 900

Grain on first electric iron = 10%

Profit on first iron is

Cost of second electric iron = 1200

Loss on second electric iron = 5%

Loss of second iron is

Now, profit is 90 and loss is 60. Profit is more than loss.

Exact profit = Profit - Loss

Exact profit = 90 - 60

Exact profit = 30

Therefore, Avinash get a profit of Rs. 30 on the transactions. Hence, the correct option is c.

true

explanation:

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