Question

a VCR and TV were bought for rupees 8000 each the shopkeeper made a loss of 4% on the VCR and a profit of 8% on the TV find the gain or loss percent on the whole transaction​

Answer 1

Based on the information given the gain or loss percent on the whole transaction​ is 2%.

First step is to calculate the profit on the whole transaction

Profit=(8%×8,000)-(4%×8,000)

Profit=640-320

Profit=320

Now let calculate the profit percentage on the whole transaction

Profit percentage=320/(8000+8000)×100

Profit percentage=320/16000×100

Profit percentage=2%

Inconclusion the gain or loss percent on the whole transaction​ is 2%.

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