Answer:
The profit or loss combined is $2.99
Step-by-step explanation:
Given;
cost price of first radio, CP = $25.50
profit percent, = 8%
The profit made is calculated as;
[tex]\frac{Profit}{CP} \times 100\% = \frac{SP-CP}{CP} \times 100\% = 8\%\\\\Profit = SP-CP = 0.08CP = 0.08\times \$25.50 = \$ 2.04[/tex]
Cost price of the second radio, CP = $6.30
loss percent = 15%
The loss incurred is calculated as;
[tex]\frac{Loss}{CP} \times 100\% = 15\%\\\\Loss = 0.15CP\\\\Loss = 0.15 \times \$6.30 = \$0.95[/tex]
The profit or loss combined = $2.04 + $0.95
= $2.99
