Knowee
Questions
Features
Study Tools

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

🧐 Not the exact question you are looking for?Go ask a question

Solution

Let's break down the problem:

  1. The man sold two articles for Rs. 20,000 each. This means the selling price for each article is Rs. 20,000.

  2. 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.

  3. 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.

  4. The total cost price of the two articles is Rs. 16,666.67 + Rs. 25,000 = Rs. 41,666.67.

  5. The total selling price of the two articles is Rs. 20,000 + Rs. 20,000 = Rs. 40,000.

  6. The difference between the total cost price and the total selling price is Rs. 41,666.67 - Rs. 40,000 = Rs. 1,666.67.

  7. 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.

This problem has been solved

Similar Questions

On selling an article for Rs. 200, a man loses Rs. 20. Find his profit per cent.A10%B9*1/11%C11*1/9%D20%

A shopkeeper sold an article for Rs. 2500. If the cost price of the article is 2000, find the profit percent.23%25%27%29%

If the profit on selling an article for Rs.240 is the same as the loss on selling it for Rs.160, then what is the cost price of the article?180220200190None

A man bought 400 meters of cloth for Rs. 40,000 & sold it at a rate of Rs. 200 per one and a half meter. What was his percentage profit or loss?

A shopkeeper sells two watches for Rs. 300 each. On one he gains 20% and on the other, he loses 20%. His gain or loss percent in the whole transaction is :

1/3

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.