Selling 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?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. Rs. 32.
| Understanding/Application |
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Selling Price of first article = Rs.960 Profit = 20% Cost price of first article = (960 × 100)/120 = Rs. 800 Cost Price of second article = Rs.960 Loss = 20% Selling price of second article = (960 × 80)/100 = Rs. 786 |
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Total Cost Price of first and second article = Rs.800 + Rs.960 = Rs.1760 Total Selling Price of first and second article = Rs.960 + Rs.768 = Rs.1728 Loss = Rs.1760 - Rs.1728 = Rs.32 |