A man sold two articles for Rs.20000 each.On selling first, he gains 20% and on the other, he loses 20%.What is the profit/loss in the ?transaction?2468
Question
A man sold two articles for Rs.20000 each.
On selling first, he gains 20% and on the other, he loses 20%.
What is the profit/loss in the transaction?
2468
Solution
Let's break down the problem:
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The man sold two articles for Rs. 20,000 each. This means the selling price for each article is Rs. 20,000.
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On the first article, he gains 20%. This means the cost price of the first article is 100% if the selling price is 120%. So, the cost price of the first article is (100/120)*20000 = Rs. 16,666.67.
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On the second article, he loses 20%. This means the cost price of the second article is 100% if the selling price is 80%. So, the cost price of the second article is (100/80)*20000 = Rs. 25,000.
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The total cost price of the two articles is Rs. 16,666.67 + Rs. 25,000 = Rs. 41,666.67.
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The total selling price of the two articles is Rs. 20,000 + Rs. 20,000 = Rs. 40,000.
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The difference between the total cost price and the total selling price is Rs. 41,666.67 - Rs. 40,000 = Rs. 1,666.67.
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Since the total cost price is more than the total selling price, the man incurred a loss in the transaction. The loss is Rs. 1,666.67.
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