Saved Bookmarks
| 1. |
A refrigerator and a camera were sold for ₹12,000 each. The refrigerator was sold at a loss of 20% of the cost and the camera at a gain of 20% of the cost. The entire transaction results in which one of the following?A. No loss or gainB. Loss of ₹ 1000C. Gain of ₹ 1000D. Loss of ₹ 2000 |
|
Answer» Correct Answer - B `x +y + (xy)/(100) = + 20 -20 - (20 xx 20)/(100)= - 4%` Total selling price of a refrigerator and a camera `= 12000 + 12000 = ₹ 24000` Now , loss is 4%. `CP xx (96)/(100) = 24000` CP = ₹ 25000 Loss amount = (25000- 24000) = ₹10000 Alternate Mehod: When items are sold at same price and precentage of profit & loss is same, then loss occuured is always- `(("common loss or gain")/(10))` `= ((20)/(10))^(2) = 4% loss` `=1000 ₹ ("for" 25000)` |
|