Two old cars are sold for Rs. 48,000 each. One is sold at a profit of 20% and another at a loss of 20%.…
The cost prices are \(\frac{48000}{1.2} = 40000\) and \(\frac{48000}{0.8} = 60000\), a total of 100000, while total sale value is 96000. So there is a loss of Rs. 4000 on…
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Two old cars are sold for Rs. 48,000 each. One is sold at a profit of 20% and another at a loss of 20%. Find the net profit/loss percentage and the total amount of profit/loss.
Answer and explanation
Correct answer A
The cost prices are and , a total of 100000, while total sale value is 96000. So there is a loss of Rs. 4000 on Rs. 100000, that is 4 percent. This matches the shortcut percent loss.
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