Answer :

Formula used.

Loss/profit percent = × 100%

Selling price of each handloom = Rs. 1248

In case of 1^{st} 4% profit is made

Let the cost price of handloom be X

Profit = Selling price – Cost price

= 1248 – X

Loss/profit percent = × 100%

4% = × 100%

4X = 124800 – 100X

100X+4X = 124800

104X = 124800

X= = 1200

Profit = 1248 – 1200 = Rs. 48

In case of 2^{nd} 4% loss is made

Let the cost price of handloom be Y

Loss = Cost price – Selling price

= X – 1248

Loss/profit percent = × 100%

4% = × 100%

4X = 100X - 124800

100X – 4X = 124800

96X = 124800

X= = 1300

Loss = 1300 - 1248 = Rs. 52

Overall = Rs. 48 – Rs52 = – Rs. 4

∴ Overall loss of Rs. 4

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