Question
Download Solution PDFSelling price of first article is Rs. 960 and cost price of second article is Rs. 960. If there is a profit of 20% on first article and loss of 20% on second article, then, what will be the total loss?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGIVEN:
SP of first article = Rs. 960
CP of 2nd article = Rs 960
Profit on first article = 20%
Loss on 2nd article = 20%
FORMULA USED:
Profit% = (SP – CP)/CP × 100
Loss% = (CP – SP)/CP × 100
CALCULATION:
After profit of 20%, CP of first article = 960 × (100/120) = Rs. 800
After loss of 20%, SP of 2nd article = 960 × (80/100) = Rs. 768
Total CP of both article = 800 + 960 = Rs. 1760
Total SP of both article = 960 + 768 = Rs. 1728
∴ Total loss = 1760 – 1728 = Rs. 32Last updated on Jun 22, 2025
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